Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

'Be Indian, buy Indian' for strategic autonomy

Mint Mumbai

|

March 12, 2025

Being a big-budget arms importer does have its advantages in world affairs, but India also needs to pace up indigenous weapon development. Our record on this has been patchy so far

'Be Indian, buy Indian' for strategic autonomy

India has long been counted among the world's top importers of arms. So, any slip in our worldwide rank grabs attention.

According to a report by the Stockholm International Peace Research Institute (Sipri), Ukraine displaced India as the top arms importer in the period from 2020 to 2024. Kyiv's orders accounted for 8.8% of all arms imported globally over that five-year span, having risen 100 times since 2015-19.

New Delhi's ranked second, with an 8.3% share of defence imports, down from 9.8% in Sipri's previous report for the period 2019-23. With Ukraine at war with Russia for the past three years, its leap to the top of Sipri's chart is no surprise. It has had to rely on armoury from the US and Europe to defend itself, although with Washington's change in stance towards Kyiv under Donald Trump's presidency, further shifts could be in store. Of course, since we are not in an arms race, our relative position is irrelevant. What matters is how well we are equipped to deal with external threats.

MÁS HISTORIAS DE Mint Mumbai

Mint Mumbai

Mint Mumbai

Tobacco cess set to expire, enter health and national security cess

Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Battery PLI may get new spark as rules set to ease

Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short

time to read

3 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

China used to be a cash cow for western companies. Now it’s a test lab.

For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.

time to read

4 mins

December 01, 2025

Mint Mumbai

BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD

Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

New safety, emission rules spell riches for parts firms

Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.

time to read

3 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

APIs to innovation: Bulk drug makers ramp up CDMO bets

Once focused on low-margin active pharmaceutical ingredients (APIs), India’s bulk drug manufacturers are raising their ambitions, with several now investing heavily in research and development to win contract development and manufacturing work from global drugmakers.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Why MF vendors haven't grown as fast as MF assets

A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.

time to read

4 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Gen Alpha will make new rules for their workplace

Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’

time to read

3 mins

December 01, 2025

Mint Mumbai

EC extends electoral roll revision by a week to II Dec; final list on 14 Feb

The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.

time to read

2 mins

December 01, 2025

Listen

Translate

Share

-
+

Change font size