India's Defence Sector: Key Developments

India remains the fourth-largest global defense spender in 2023, trailing only the U.S. in military expenditure. This shift reflects a deliberate strategy of increasing capital outlay, with a post-pandemic focus on reducing foreign military imports while simultaneously increasing domestic defense exports. From self-reliance in defense manufacturing to rising international exports, India’s evolving defense landscape signals a clear path toward modernization and strategic autonomy.