What Happened
New Delhi Invests Heavily In Domestic Aerospace Manufacturing
India has earmarked a significant portion of its defence budget for domestic industry, with 75% of the capital acquisition budget allocated to Indian companies. However, despite this investment, key technology gaps persist, particularly in aero-engines and electronics. The country’s defence manufacturing strategy is shifting towards greater emphasis on intellectual property ownership and domestic testing, with the goal of creating a more self-reliant defence industry. According to a report by 360 ONE Capital, India’s opportunity in the global aerospace market depends on deeper capabilities in critical subsystems. This was first reported by The Financial Express.