The history of Indian defence in the recent years is dotted with good and not-so-good stories. While on the one end, the defence sector reached new heights with the launch of several indigenously-developed capabilities across armed, naval and air forces. Scams and high-level of corruption marred the image of defence sector. At present, India is one of the largest defence importers in the world sourcing over 70 per cent of requirements from other countries. However, this will have to change if India has to become self sufficient in its defence capabilities. One argument in favour is to further open up the sector but a lot depends upon the easiness of the
new government with that decision.
Business Today draws up a timeline of important events that took place in
Indian defence over the last 12 years.