What are the key challenges faced by India in increasing its defense exports?
Explore the hurdles India encounters in becoming a top defense exporter.
- Global competition: India faces tough competition from established defense exporters like the US, Russia, and China, making it challenging to penetrate existing markets.
- Technology limitations: The lack of cutting-edge technology and research capabilities hinders India from offering advanced defense equipment, limiting its appeal to international buyers.
- Regulatory hurdles: Complex export control regulations and bureaucratic processes in India create barriers for manufacturers looking to export defense products.
- Quality perception: Indian defense products have faced criticism in the past for quality and reliability issues, impacting the country's credibility as a defense exporter.
- Political concerns: Geostrategic considerations and diplomatic relations can influence defense export decisions, adding complexity to India's export efforts.
Answered
3 weeks ago