Was 2015 a good year for India's defence sector?

The most significant development of 2015 was the scrapping of the $20-billion (Rs 1.45 lakh crore) Medium Multi-Role Combat Aircraft (MMRCA) deal for the purchase of 126 French Dassault Rafale fighter jets. Expense could have been a major reason, IndiaSpend reported. To boost squadron strength, the government cleared the off-the-shelf purchase of 36 Rafale aircraft in fly-away condition from Dassault’s factories in France at an estimated cost of $8-9 billion (Rs 52,800-59,400 crore).

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