India’s “Made In US” Military Might

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 […]

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Global Military Spending Falls For First Time Since 1998

Global military spending fell for the first time since 1998 despite spending increases in Russia and China, according to the Stockholm International Peace Research Institute’s (SIPRI) annual report,which was released on Monday. “Global military expenditure fell in 2012, to $1753 billion, equivalent to 2.5 percent of global gross domestic product (GDP). Although the fall was only 0.5 percent […]

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