CURRENT AFFAIRS

Detailed explanation-1: -India stands at fourth position among 12 countries of the Indo-Pacific in self-reliant defence production, says a study by the Stockholm International Peace Research Institute (SIPRI) that assessed self-reliance in arms production.

Detailed explanation-2: -According to the global power index, the Indian defence sector ranks fourth in terms of firepower with a score of 0.0979 (with 0.0 being the perfect score). The Indian government has set the defence production target at US$ 25.00 billion by 2025 (including US$ 5 billion from exports by 2025).

Detailed explanation-3: -The Government has taken several policy initiatives in the past few years and brought in reforms to encourage indigenous design, development and manufacture of defence equipment, thereby promoting self-reliance in defence manufacturing & technology in the country.

Detailed explanation-4: -India stands for a free, open and rules-based Indo-Pacific as it is important for the economic development of not only the region but also the wider global community.

Detailed explanation-5: -China has been placed first in self-reliant defence production, while India has been ranked fourth among 12 countries in the Indo-Pacific, according to a study of the Stockholm International Peace Research Institute (SIPRI), an independent research institute on global security.