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As we monetise our weapons trade

India is rapidly emerging as a formidable global defense force, transitioning from a mere buyer to a strategic producer. Collaborations with nations like Sweden, propelled by the 'Make in India' initiative and increased private sector investment, are significantly enhancing local production and indigenous capabilities. This strategic shift strengthens India's ability to meet global demand, diversify supply chains, and reduce import dependence. Defense partnerships are also driving economic growth, job creation, R&D, and technological advancement, benefiting both India and its partners by stimulating industrial competitiveness and innovation.

Economic Times · ET Bureau · May 20, 2026 at 5:36 PM

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