India a Manufacturing Economy?

India is going to formulate policies to encourage Domestic Defence manufacturing as said by Mr. Arun Jaitley. We are the world's largest arms importer, spending some 1.8 per cent of its GDP on defence. We imports about 70 per cent of defence equipment, a proposition which the government wants to change. We are going to cut on import of Combat planes, Ships and Submarines.

This clearly proves that the government is not only focusing on the technological tie ups  but also on becoming a MANUFACTURING Economy.