India to be world's most significant new aircraft mkt: Barclays
In Defence, India's total defence spend of USD 81.4 billion was globally the fourth largest in 2022, after the US, China, and Russia. India has been the biggest importer of defence equipment (ahead of Saudi Arabia), accounting for 11 per cent of global military equipment imports over 2018-22. "With the fleet of Indian carriers skewed toward narrow body, we view Airbus as better positioned than Boeing, driven by the A320 family's competitive position.
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