Defence Bulletin
Building defence capabilities has always fared high amongst nations for self-reliance, security and to tilt the balance of power. India, like others, has been conscious of developing a strong defence...
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As part of the ongoing modernization drive of the Indian armed forces, the central government has increased the allocated expenditure in the defence sector to US$ 37.3 billion approximately.
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India’s defence spending has grown manifold since the country announced its first defence budget in 1950, to USD 32 billion in the year 2010-2011.
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The Indian defence industry witnessed a major change in 2001 when the sector was opened up for private participation and foreign investment.
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The role of agents or middlemen in defence deals is long standing in India and elsewhere in the world. If they haven’t always played a favorable role, no one can...
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