Market Report, "India Defence & Security Report Q4 2014", Published
BMI believes that India's defence ambitions will continue to face challenges for the fiscal year 2014-15. That said, the increase of the foreign investment cap to 49% should boost the defence industrial base. Using BMI's Risk Reward Rating BMI calculates that India's security risk is medium given the growing prevalence of international terrorist groups and the ongoing territorial disputes in India's northern regions. In our view, the corruption probe into VVIP helicopter deal has the potential to complicate further other...
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