Why is it considered the right time to launch a new phase of self-reliance in defence production, as stated by President Murmu
President Murmu mentioned that the time is ripe to launch a new phase of self-reliance in defence production; what factors support this assertion?
President Murmu's assertion about the right time to launch a new phase of self-reliance in defence production can be supported by the following factors:
- Increasing security challenges: Rising security threats necessitate a robust and self-reliant defence production capability.
- Economic benefits: Self-reliance in defence production can boost the domestic economy through the creation of jobs and growth of the defence industry.
- Technology independence: Developing indigenous defence technologies reduces reliance on foreign suppliers and enhances national security.
- Geopolitical considerations: In a volatile global environment, self-reliance in defence production is essential for strategic autonomy.
- Export potential: A strong domestic defence production sector can lead to export opportunities, contributing to foreign exchange earnings.
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4 months ago