How India’s goal for self reliance is transforming aerospace

Sector Focus/Aerospace, 2017/2016, India Investment Journal March Edition
by Dhiraj Mathur
The Indian government’s goal to achieve self-reliance is on track, writes a senior adviser in the defence sector.

India’s defence budget has grown manifold over the last seven decades to $39 billion in 2017-18, which is around 1.6 per cent of the country’s gross domestic product (GDP).