There is simply no business like the arms business, murky and timeconsuming it might be. India says the global economic meltdown will not adversely impact its quest for military hardware and software. With India ready to spend well over $30 billion for importing weapon systems and platforms over the next four-five years, global armament giants are jostling to grab a piece of the lucrative action.
India is already the developing world’s largest arms importer, having notched deals worth around $28 billion since the 1999 Kargil conflict.
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India is not only big time as a volume consumer but it has special political cache in that it buys both Western and Russian weapons in quantity.
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Australia, meanwhile, only buys aircraft from the US making us a sure buyer at high prices of whatever the Pentagon wants to offload on us - a la F-35.
Pete
(from Australia)
(was posted on the wrong article)