As Obama comes to India, we are waiting to give many US companies large defence contracts. The New York Times last Friday, in an article entitled “Wealthy and Worried, India Is Rich Arms Market,” wrote:
India, flush with new wealth but worried about its national security, is rapidly turning into one of the world’s most lucrative arms markets…India’s accelerating economy gives it the resources to join Saudi Arabia and the United Arab Emirates as the biggest arms buyers. And its desire to upgrade its military was spurred by the terror attacks in Mumbai in late 2008, when militants slipped in by sea and killed 160 people.
So, plenty of money to go around. The heart, mind and cheque book is waiting. Unlike China, which fulfills a lot of its needs via its domestic defence industry, we are so far behind and scared that we have little option but to spend tens of billions with the Western powers.
And behind this spend lies a tale.