Simply put, India is the largest ‘open’ defense market in the world, accounting for nearly 10 percent of the $63 billion international defense market in 2013. It is ‘open’ because the other major markets, such as the United States, Europe, China or Russia, tend to buy local when they can. By contrast, India’s indigenous defense industry has singularly failed to keep up with local demand, forcing the MoD to look abroad to modernize its forces.

Read Here – The National Interest