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

What happened: New Delhi approved $22 billion in military spending amid border tensions with China. American, Israeli, and Russian defense manufacturers are likely to find substantial opportunities in India's expanding defense market. Key numbers: $22 billion in approved military spending. Why it matters: The approval signals opportunities for foreign defense manufacturers in India's expanding defense market, with suppliers from the US, Israel, and Russia positioned to benefit.

New Delhi approved $22 billion in military spending amid border tensions with China. American, Israeli, and Russian defense manufacturers are likely to find substantial opportunities in India's expanding defense market.

The approval signals opportunities for foreign defense manufacturers in India's expanding defense market, with suppliers from the US, Israel, and Russia positioned to benefit.