Indian Defence Sector Success or Failure Story | CA Rachana Ranade
Published: 2023-11-24
Status:
Available
|
Analyzed
Published: 2023-11-24
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
HAL's Advanced Light Helicopters (ALH), Dornier 228, and Chetak are exported to Mauritius, Nepal, Namibia, and Maldives, and are 30% more cost-effective than comparable helicopters.
"ALH that is the Advanced Light Helicopter, Groove Dornier 228 and chetak these are being exported to, Mauritius, Nepal, Namibia and Maldives and they are being produced by HAL and one more small point here that these are 30% cost effective than the comparable helicopters"
Pending
Hindustan Aeronautics Limited (HAL) is ranked 42nd and Bharat Electronics Limited (BEL) is ranked 63rd among the top 100 arms producing and military services companies globally.
"HAL at rank 42 Hindustan Aeronautics Limited at rank 42 and BEL that is Bharat Electronics Limited at rank 63."
Pending
India aims to increase its defense exports to $5 billion.
"India aims to triple defense exports to five billion."
Pending
Indian defense exports grew more than 10 times between FY 2016-17 and FY 2022-23, from 1,521 crore to 15,920 crore.
"in the year 2016-17 the value of exports was 1,521 crores and from that right now in 22-23 the value of exports has gone up to 15,920 crores so this sums up to the defense exports being more than 10 times as compared to 2016-17."
Pending
The defense sector received a budget allocation of 5.94 lakh crore in the 2023-24 budget, a 13% increase from the previous year.
"the defense sector got a 5.94 lakh crore approval in the budget of 23-24 which was a jump of 13% over the previous year"
Pending
Capital expenditure for defense modernization and infrastructure development rose to 1.62 lakh crore, a 57% increase compared to 2019-20.
"the capital outlay pertaining to modernization and infrastructure development increased to 1.62 lakh crore which is a 57% rise as compared to 2019-20"
Pending
Foreign Direct Investment (FDI) up to 74% is allowed in the Indian defense sector through the automatic route, requiring no government approval.
"FDI through the automatic route automatic route means government approval is also not required if that be so FDI is allowed to the tune of 74% in simple words it means that foreign investors would be allowed to invest in the Indian defense companies up to 74%"
Pending
FDI up to 100% is permitted in the Indian defense sector via the government route, provided it grants access to modern technology.
"but if they are going through the government route that is if they take government's prior approval then FDI up to even 100% is allowed but it is mentioned that this will be allowed wherever government feels that it is likely to result in access to modern technology"
Pending
The global arms sales market is dominated by the US (51%), followed by China (18%), the UK (6.8%), France (4.9%), Russia (3%), and India (less than 5%).
"US tops the list with 51% share of the total arms sales across the globe, second one is China with almost 18% share, UK FS at 6.8% French companies at around 4.9%, Russia barely 3% and India is also less than 5%"
Pending
Saudi Arabia is the world's largest importer of defense equipment, with India being the second largest.
"the biggest import in the world is Saudi Arabia and the second biggest importer is India"
Pending
India's defense imports primarily come from Russia (45%), followed by France (29%) and the US (11%).
"from whom are we actually importing and for that Russia actually makes up for 45% of the needs of our country followed by France which is 29% and followed by us which is 11%"
Pending
The top three countries in defense spending are the US, China, and India.
"the top spenders in the defense sector number one spender Is US number two is China which is spending on defense and number three in the world is India."
Pending