Recent significant events in the Indian business world over the past week (and a bit)
"India spent $84bn on military equipment in 2023".
Above is not correct.
$84bn is spend on personnel + ops + equipment. Almost 75-80% of $84bn is on personnel.
If $84bn expense on equipment only means - a thriving modern defense industry at home.
So grateful for this comment. I have edited the piece to reflect what you have said. Lucky to have such a smart reader.
:)
"India spent $84bn on military equipment in 2023".
Above is not correct.
$84bn is spend on personnel + ops + equipment. Almost 75-80% of $84bn is on personnel.
If $84bn expense on equipment only means - a thriving modern defense industry at home.
So grateful for this comment. I have edited the piece to reflect what you have said. Lucky to have such a smart reader.
:)