Mysore/Mysuru: India’s defence budget is 5th largest defence budget in the world, said P.G. Yogindra, former Executive Director, Hindustan Aeronautics Limited (HAL).
Delivering the inaugural address during the two-day 7th international conference on ‘Economic Growth and Sustainable Development: Emerging Trends organised by Shri Dharmasthala Manjunatheswara Institute for Management Development (SDM-IMD) at its auditorium here recently, he said “India is having strongest military forces in the world and holds a place of strategic importance. It is also the largest importer of arms and defence platforms; it is likely to accelerate with rising concerns of national security. By 2025, India will have third largest air traffic (including domestic and international) which is growing at a rate of 14 percent per year over the last 6 years.”
