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The US Navy successfully tested the new AGM-88G Advanced Anti-Radiation Guided Missile-Extended Range, just ten days before the Indian navy tested the Vikrant’s sea-faring systems.
Swadeshi has found a new wind in Indian politics as a form of popular resistance to China. But raising barriers to Chinese imports only affects those lower down the income pyramid.
The warship has been a significant pillar in India’s policies at a time when maritime sub-regions in the Pacific have been subject to China’s assertive actions.
Until the technological base of defence industry improves, ‘Make in India’ with transfer of technology and specified indigenous content may be a better bet.
The 64% allocation under capital acquisition budget amounts to about Rs 70,000 crore and is to be used for purchases from domestic sector. Experts say it will help boost the sector at large.
French firm Dassault is looking to manufacture Rafale jets in India, depending on the order size. But India will take a call after the delivery of the first 36 jets.
Navy has already placed an order for SMASH 2000 Plus systems, which turn assault rifles into smart weapons, enabling first-shot hits and anti-drone operations.
UAE firm Caracal says it is counting on bilateral ties to expand its business and export India-made rifles and parts and not just supply to the domestic market.
Modi’s ambitious plans to ‘Make in India’ could have been helped by a symbolic gesture to hold on to Harley, a premium manufacturer with an outsize brand.
India must break out of this vicious cycle of high taxes, low consumer demand, constrained investment & job creation, and insufficient wage incomes to boost purchasing power.