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Modi’s New and Confident India Gets a Major Shot in the Arm for its Defence Sector

In an address to the U.S. Congress on June 8, 2016, India’s Prime Minister, Narendra Modi gave some subtle but significant signals to the world about the new and confident India that is ready to take its responsibility of the world seriously. Modi’s unabashed praise for American values, achievements, and practices was unprecedented for an Indian head of state as India has generally been coy about its relationship with the U.S. It seems that this no longer the case and India seems to be embracing the U.S. much more openly and with very little hesitation.

This boost in the relationship in recent years has brought significant dividends for India especially in recent years. India’s recent deal with the U.S. on the sharing of defence logistics is a major positive step towards improving ties between the two nations. And now during Modi’s recent meet with President Obama, India looks to join the elite Missile Technology Control Regime (MTCR), an organization consisting of 34 member nations (India will be the 35th country) that control the trade of missile technology. By joining MTCR, India will gain access to advanced missile technology and will now also be able to export its own missiles to other nations. This development is likely to spike the defence sector of the Indian economy in the coming years. If all these recent developments can be attributed to the personal chemistry between Obama and Modi, it will be interesting to see how things unfold when the U.S. elects a new president.
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