Indian Acquisitions Explode On Land, In Air

Filled with military deals harvested over the past few years, the Indian defense pie is getting bigger and sweeter, on land and in the air. But the country faces major hurdles in making those plans real. First, the good news: Over the next five years, India plans to renovate or replace its Soviet-era kit with $50 billion in new equipment, making Asia’s third largest economy a lucrative market for foreign companies such as Boeing and Dassault.

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