BMI View: India is one of the biggest defence spenders globally. The country has one of the world's largest
armed forces - much of which requires modernisation - and faces a range of external and internal security
threats that drive investment into military personnel ..."
BMI View: We expect India's defence budget to keep increasing in absolute terms in the next five years.
This is driven primarily by persisting terrorist threats and violence from insurgent groups across the
country, as well as continued tensions with Pakistan regardin ..."
BMI View: We believe that India's defence ambitions will continue to face challenges over 2015. That said,
the increase of the foreign investment cap to 49% from 26% should boost the defence industrial
base. India's security risk is medium given India's issues with transborder ..."
BMI View: Following the landslide victory of Narendra Modi and the Hindu nationalist Bharatiya Janata
Party (BJP) in India's general elections in May 2014, India is poised for an era of a more assertive foreign
policy stance, which might boost defence-related activities. In add ..."
BMI View: Given the current regional security context, it is perhaps unsurprising that Q114 saw India
engage in high level defence and security dialogues with both Japan and South Korea. Increased defence
cooperation between India and the two East Asian powers is set ..."
BMI View: The Indian Navy has commanded the headlines in recent months, for good reasons and for bad.
The refurbished ex-Soviet aircraft carrier INS Vikramaditya was finally due to be delivered in mid-
November, a decade after India originally procured it, and India's ..."
BMI View: After years of rapid economic growth, India has suffered a setback over the last 12 months, as
its economy has slowed and the government has been forced to rein in spending. While the cuts faced by the
Ministry of Defence (MoD) have not been as severe as ini ..."
BMI’s India Defence & Security Report for Q2 2013 examines the country’s strategic position in the Asian region and the wider world. It also provides an overview of the contemporary geopolitical challenges facing the country, and the challenges it may face in the future.