Guardians of Security: Unveiling the Defense Sector's Dominance
Defence has been one of the most talked about sectors since Shri Narendra Modi came into power in 2014 and announced Atmanirbhar Bharat & Make in India. It came more into talks since the first indigenisation list was announced by Ministry of Defence (MoD) in August, 2020 which comprised of 101 items. The second list came in May, 2021 comprising of 108 items. The third one with another 101 items came in April, 2022. And the fourth list was announced with another 101 items in Defence Expo, 2022 which was conducted in December, 2022. Indigenisation means the action or process of bringing something under the control, dominance, or influence of the people native to an area. All these lists will promote Make in India & Atmanirbhar Bharat. This has increased the exports. India's defence exports have grown eightfold in the last six years -- from Rs. 1521 crore in 2016-17 to Rs. 12,815 crore in 2021-22 out of which 70% exports were contributed for by the private sector. Thi...