THE REASONS BEHIND RUSSIA’S DECLINING SHARE IN INDIA’S DEFENSE MARKET

Significant changes have occurred in the military business during the last several decades. Russia is India’s top choice for military purchases. Russia is the primary supplier of weaponry to India, accounting for almost sixty percent of the total supply. Indian military personnel are dissatisfied with the armament from Russia, indicating a negative sentiment towards Russia in the Indian defense sector. The market is now moving towards China, which is contributing to the dispute between the two countries. India is heavily reliant on Russia due of disagreements with China. Despite challenges faced by the Russian armament sector, India continues to account for 25% of overall exports. In 2011, India allocated around $3.3 billion for the purchase of Russian weaponry. India is moving towards self-reliance in the military industry but still relies on imports from Russia. The export-import industry contributes to the robust military connections between India and Russia. The Indian Defense Ministry has introduced a new strategy for 2013, aiming to domestically manufacture 30% of weaponry. India has initiated military partnerships with influential countries such as Israel, Turkey, France, and England. Russia is disappointed that India is seeking alternative options. India’s technological advancements will lead to self-sufficiency, perhaps causing Russia to lose its primary importer. India seems to have a minor inclination towards the USA and a slight inclination towards Russia in the present international political environment. Several nations that strongly support Russia, such as Iran and Syria, continue to purchase weaponry from Russia. India is the world’s largest weapons importer with a military expenditure far higher than other nations that purchase weaponry. Russian expectations have been invigorated amid the possibility of the USA and its allies attacking Syria. The armaments business is regarded as the second largest industry globally, behind the oil and gas sector. Countries such as the USA, Israel, France, and Russia heavily rely on revenue generated by weapons sales. In the near future, certain fast growing states may also transition into armaments exporters. India, Singapore, and Brazil are poised to become new members of the group of countries that sell weaponry. It is evident that Russia would likely lose India as a major importer of arms in the near future. Russia is concerned about increasing defensive infrastructure in India. We will be hosting a seminar focusing on the defense system in India.

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