Recently published research from Business Monitor International, "India Defence & Security Report Q4 2014", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 10/03/2014 --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 procurement deals in India.

India is concerned about the gaping gap in its military budget compared to that of China's. That said, huge increases in the budget remain constrained by national economic conditions. The 12% y-o-y increase announced in July will mostly be dedicated to paying off past contracts leaving little for the purchase of new equipment. While, India remains the world's largest importer of military equipment, BMI expects the rate of growth in imports to slow over the coming years.

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India appears to be adopting a strategy similar to that of other emerging economies, which is to enter into joint ventures in the hope of acquiring technology and strengthening the industrial base. BMI thinks India's defence sector now has increased potential to attract more foreign investment as a result of the increase of the foreign investment cap. Furthermore, India appears to be diversifying its defence partnerships away from its traditionally Russian ally.

India's continues to face numerous forms of security threats. While there is little chance of India's conflict with Pakistan over the territory of Kashmir to become a major interstate war, the ongoing dispute has a tendency to fuel trans-border terrorism into India and domestic terrorism from radical Hindu groups. As international terrorism proliferates and when US-NATO troops withdraw from Afghanistan in 2015, India is set to face increased regional security...

The India Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's India Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Indian defence and security industry.

Key Benefits

- Benchmark BMI's independent defence and security industry forecasts on India to test other views - a key input for successful budgetary and strategic business planning in the Indian defence and security market.
- Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

Global and Regional Political Outlooks

A strategic overview of the world's major political risks, identifying countries facing leadership successions and nations at risk of upheaval, inter-state conflict or separatism and insurgencies, plus a summary of the world's 'wild card' low-probability high-impact risks.

SWOT Analysis

Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into 'Strengths', 'Weaknesses', 'Opportunities' and 'Threats'.

Political Risk Assessment

Drawing on BMI's heritage of more than 25 years of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.

Security Risk Analysis

BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's latest assessment of each component. Furthermore, drawing on our country risk expertise, we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.

Armed Forces Spending/Expenditure

The reports contain a detailed breakdown of areas of expenditure by the armed forces, these include spending on international deployments, WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.

Domestic Security Overview

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