New analysis indicates that India will spend $38.51bn on defence in 2012. The Indian Defence Market 2012-2022 report finds that India’s strong and dynamic growth in military spending will continue through the next decade as the Indian government seeks to fulfil its ambitious defence modernisation plans.
The author of The Indian Defence Market 2012-2022 report commented that: “Despite the continued existence of restraints on the market such as slow tender processes and a dominant state sector, huge opportunities exist for a wide variety of defence firms. Those who are willing to work within the Indian government framework for indigenisation of production will find themselves in a potentially long-term and lucrative arrangement.”
The report contains 89 tables, charts and figures that quantify and forecast the Indian defence market. The new study provides forecasts for the period 2012-2022 in terms of value (US$) for the Indian defence market, which is broken down into revenue and capital expenditure, as well as for 8 submarkets that together form the overall capital expenditure figure. The report provides profiles of leading public, private, joint venture and international companies operating within the market, and includes 3 interviews with experts in the field of Indian defence, providing specialist insight alongside the analysis.
The Indian Defence Market 2012-2022 report will be of value to current and future potential investors in the Indian defence market, as well as companies and research centres who wish to broaden their knowledge of the Indian defence market.
Source: ASDReports - Market Research
Date: Mar 23, 2012