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Inside India newsletter: New Delhi approves $22 billion in military spending amid China border tensions

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Core Development: Inside India newsletter: New Delhi approves $22 billion in military spending amid China border tensions
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Market & Financial Impact: American, Israeli, and Russian defense manufacturers are likely to find substantial opportunities in India's expanding defense market
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Hello, this is Priyanka Salve, writing to you from Singapore.

Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.

India, the world's fifth-largest military spender, shares a contentious relationship with two of its nuclear-armed neighbors — China and Pakistan. Last year, New Delhi carried out military strikes against alleged terrorist infrastructure in Pakistan, and last week an Indian official confirmed some border clashes with China.

As tensions at its borders simmer, India this week announced plans to spend billions of dollars on procuring modern warfare equipment. From whom will it get the goods?

The world's second-largest arms importer, India, is pouring billions of dollars into modernizing its military as it seeks to counter the technological advancements of neighboring China, with whom it shares an uneasy peace.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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