Defence and India’s private sector
The government of Prime Minister Narendra Modi has pro-actively pursued India’s agenda of modernising and indigenising its defence sector by clearing several long-pending demands of the Indian military for equipment. India’s rapidly-obsolescing military hardware has made this push imperative—the ageing of the hardware has been prominently highlighted by a string of naval accidents in the last two years and the rapidly depleting strength of the air force squadron, with the de-induction of old aircraft and delays in inducting replacements. Externally, raging border disputes with China and Pakistan, and the growing presence of the Chinese Navy in the Indian Ocean region, continue to be threats that call for an updating of the Indian defence sector. Rapidly evolving security threats in India's neighbourhood and a number of accidents means it is critical for India to invest in the modernisation as well as the indigenisation of India's rapidly obsolescing defence equipmen