Arms Market of India: History and Prospects

G. D. Vlasov ()

Outlines of global transformations: politics, economics, law, 2023, vol. 15, issue 2

Abstract: The article presents the history, the current state and the prospects of the Indo-Russian cooperation in the military and technical sphere as well as the impact of the trends in the defense industry of India and international political factors, which directly or indirectly affect the Indian arms market. Russia historically holds a strong position in the Indian arms market and remains the main India’s partner in the military and technical field. However, recently there has been a decline in the sale of the Russian arms to India. On the one hand it is related to the increased competition in the Indian arms market. Оn the other hand, it is the desire of India to develop its own defense industry and to transform from being an importer to be an exporter of the arms. What is more, in the future the international political factors can influence the Indian arms market. This refers primarily to the tensions between China and India and the rapprochement between India and the countries that together with India form the Quadrilateral Security Dialogue (Quad).

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ccs:journl:y:2023:id:1054

DOI: 10.31249/kgt/2022.02.08

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