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India Defence and Security Report 2015

India Defence and Security Report 2015

BMI View: We expect India's defence budget to keep increasing in absolute terms in the next five years.

This is driven primarily by persisting terrorist threats and violence from insurgent groups across thecountry, as well as continued tensions with Pakistan regarding the disputed territories of Jammun andKashmir. Defence spending is also driven by India's desire to increase its military presence in the region,leading to a significant modernization of its Army, Navy and Airforce. A significant portion of this spendingwill be channeled through the 'Make in India' strategy implemented and promoted by Modi, which will openup new opportunities for private sector national and international companies operating in the defencesector.

The election of Narendra Damodardas Modi as India's Prime Minister in May 2014 has breathed fresh lifeinto the country's defence sector. The first budget presented by the new Prime Minister to the Parliamentlast February pointed to a significant emphasis on two crucial points that had been plaguing the defencesector in the past. Firstly, there has been an important increase in the budget allocated to defence spending,in large share targeted at the modernization of the army so as to provide its manpower with the crucialartillery necessary for fighting terrorism, insurgency and border incursions on the ground; the Air force willalso get a significant share of the defence budget, with the aim of renewing the country's ageing capabilities.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (India 2012-2019)
Armed Forces
Table: Manpower Available For Military Service (India 2012-2019)
Table: Armed Forces Personnel (India 2005-2012)
Defence Trade
Table: Defence Trade Balance (India 2012-2019)
Imports
Table: Defence Imports (India 2012-2019)
Exports
Table: Defence Exports (India 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Table: Services Leading The Charge
Table: Economic Activity (India 2010-2019)
Industry Risk Reward Ratings
India Defence Risk Ratings
Table: Asia Pacific Defence Risk Reward Index
Rewards
Risks
Market Overview
India Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons of Mass Destruction
India Defence Market Overview
Table: Deployments
Domestic Market
Company Profile
BAE-HAL Software Ltd
Bharat Dynamics Ltd (BDL)
Bharat Electronics Ltd (BEL)
Hindustan Aeronautics Limited (HAL)
Honeywell International India
Ordnance Factories (OF)
Rolls-Royce International
Regional Overview
South Asia Security Overview
Challenges And Threats To Stability And Security
Global Industry Overview
Political Risk Analysis
Methodology
Sector-Specific Methodology
Table: Defence Risk Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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