Two extremely significant economic initiatives by the Modi government are expected to have a widespread impact on India on a generic level, and the defense sector on a specific level. India as many of us might be aware, has the third largest defense force in the world. Our defense budget for 2016-17 is INR 2,491 bn (which is 1.65% of the G

Source: FDI and the ‘Make in India’ initiative – What do these mean for the defense sector » Indian Defence Review

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