Despite recent trade pacts with the US esp with fresh removal of cobwebs on transfer of trechnology, it was a no brainer for MMRCS and Indian Defence establishment to turn down US fighters just because, the supplied and promised technolgies were ancient and showed their distruct keeping our ambitions at an arms length. assuming that we never want to reenact a NATO with the US, it was a good decision to thus sign Eurofighter's Typhoon and Dassuault's Raphale fighters for the order. 

Looking forward , one thinks it unlikely that US will sweeten the deal so quickly and without Congress and policy action on both governments' part. However , the F35 aircraft from Lockheed being offered now does look like a better del and must be explored for a chance for effective technology transfer. 

Not aviation, which is the larger commercial opportunity in China, Brazil and India, but the Defence ordnance remains the largest sponsored somponent of International trade globally and as such one must have a modernised fleet available to justify such a budget whence the economic good of the greater can be achieved even in terms of supply chain efficiencies. 

Posted via email from The investment blog on Post