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Top 10
Offset Business
The Indian Defence presents a significant opportunity
for Indian & foreign companies across the supply
chain. With the third-largest armed forces in the
world, India’s defence budget is about 1.90% of its
GDP. Here are the top trends that you need to look
1.90% of GDP forward in 2017:
1
India ranks among the top 10 countries in the world in
terms of its military expenditure and import of defense
equipment percentage.
$37.3billion
2010-11 2016-17
3
As per the Indian Ministry of Defence(MoD), 19 contracts
worth about $15 billion had been awarded to foreign
majors from 2007 to 2012.
19
Contracts
$15
Billion
30%
$4.5
Billion
5
The recent Rafale deal struck by the Government of India
recently is alone expected to generate €3 billion in offset
opportunities.
€3
Billion
offset opportunity
2013-14 2019
2017
8
Ministry of Defece(MoD) has the largest budgets in the
government. For instance,₹3,59,854 crore has been
allocated ($53.5 billion) For the year 2017-18.
“ “
₹ 3,59,854
crore
50%
International players
20-25%
Imports
Moschip
Source:
http://www.indianeconomy.net/splclassroom/101/what-is-indias-defence-offset-policy/#sthash.7USV4dI4.dpuf
http://www.indiandefencereview.com/news/impact-analysis-of-the-indian-defence-offset-program/
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