India Defense Spending

The United States Congress has passed the USD 716 billion defence spending bill which, among its many provisions, seeks to strengthen and enhance the country's defence partnership with India.

India has millions of military personnel, billions of dollars in arms spending and grave threats on its borders, yet the nation doesn't make its own fighter jets and anti-tank missiles. Is that a massive opportunity for investors? Not so fast.

India has joined the US and China as one of the world's five biggest military spenders, reflecting geopolitical tensions as well as the country's reliance on imported weapons and sprawling personnel costs.

Amid the scores of companies looking to cash in on India's plans to boost defense spending and open up contracts to the local private sector, one unlikely hopeful stands out: a ropemaker.

The defense ministry needs an increase of roughly 10 percent to deal with inflation and the vast sums required to modernize India's aging military hardware.

India is set to finalize a $660 million deal for mobile heavy artillery weapons -- its third major gun purchase in the past year and a sign Prime Minister Narendra Modis defense spending spree is far from over, according to people with knowledge of the matter.

It's not just President-elect Donald Trump who's bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS Jane's latest annual Defense Budgets report.

The US Defense Department would be barred from entering into any contract with a Russian state arms dealer under a provision of the $1.1 trillion spending bil

The United States Congress has passed the USD 716 billion defence spending bill which, among its many provisions, seeks to strengthen and enhance the country's defence partnership with India.

India has millions of military personnel, billions of dollars in arms spending and grave threats on its borders, yet the nation doesn't make its own fighter jets and anti-tank missiles. Is that a massive opportunity for investors? Not so fast.

India has joined the US and China as one of the world's five biggest military spenders, reflecting geopolitical tensions as well as the country's reliance on imported weapons and sprawling personnel costs.

Amid the scores of companies looking to cash in on India's plans to boost defense spending and open up contracts to the local private sector, one unlikely hopeful stands out: a ropemaker.

The defense ministry needs an increase of roughly 10 percent to deal with inflation and the vast sums required to modernize India's aging military hardware.

India is set to finalize a $660 million deal for mobile heavy artillery weapons -- its third major gun purchase in the past year and a sign Prime Minister Narendra Modis defense spending spree is far from over, according to people with knowledge of the matter.

It's not just President-elect Donald Trump who's bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS Jane's latest annual Defense Budgets report.

The US Defense Department would be barred from entering into any contract with a Russian state arms dealer under a provision of the $1.1 trillion spending bil