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    9 nuclear-armed nations including India continued to modernise N-arsenals in 2023: SIPRI

    The Stockholm International Peace Research Institute (SIPRI) reported that nine nuclear-armed nations, including the US, Russia, France, China, India, and Pakistan, continued to modernize their nuclear arsenals in 2023. China notably increased its nuclear arsenal from 410 to 500 warheads and is expected to continue growing. The report highlighted that around 2,100 deployed warheads were on high operational alert, primarily held by Russia and the US, with China joining for the first time.

    Watchdog: Nuclear-armed nations are deepening reliance on nuclear weapons

    In 2023, the world's nine nuclear-armed states continued modernizing their arsenals, deepening reliance on nuclear deterrence, per the Stockholm International Peace Research Institute (SIPRI). Amid rising geopolitical tensions, nuclear spending surged by $10.7 billion, totaling $91.4 billion. The US and Russia, holding nearly 90% of global warheads, remain central to these developments.

    India's defence capabilities boosted under Modi government, relying on imports only for immediate needs: NITI Aayog member VK Saraswat

    India has significantly enhanced its defense capabilities over the past decade, with a focus on indigenous manufacturing and reducing reliance on arms imports. VK Saraswat, a member of NITI Aayog and former chief of the DRDO, highlighted that 60% of India's arms and ammunition are now domestically produced, with major corporations like Adani, Tata, and L&T contributing to radar systems and gun manufacturing. Saraswat also assured that India's power capacity is sufficient to meet its needs, minimizing the risk of significant power cuts. Companies like Hindustan Aeronautics (HAL) and Bharat Electronics are poised to benefit from these trends.

    Indian defence capabilities in last 10 years gone up substantially: NITI Aayog member Saraswat

    India's defence capabilities have significantly improved in the past decade under the Modi government. NITI Aayog member VK Saraswat highlighted the country's reliance on arms import only for immediate needs, with major corporate houses now manufacturing indigenous radar systems and guns.

    India fourth-largest military spender, overall global spending accelerates: SIPRI report

    In 2023, India ranked as the world's fourth-largest military spender, with a total expenditure of $83.6 billion, marking a 4.2% increase from the previous year. This data comes from a report by the Stockholm International Peace Research Institute (SIPRI), which also revealed a global rise in military spending, reaching $2,443 billion, a 7% increase from 2022. The top 10 spenders, including the United States, China, and Russia, all boosted their military expenditures.

    Ukraine war has Thales missile factory working at full tilt

    Thales' Belfast factory is ramping up production of missiles, including Starstreak surface-to-air missiles and Lightweight Modular Missiles (LMM), due to increased demand driven by the war in Ukraine. The factory, which also assembles NLAW anti-tank missiles, has inaugurated a new mostly automated production line to meet the surge in demand. Thales' output has doubled in two years and is expected to double again in the next two years. The company has hired additional staff and plans to recruit more to support increased production. Thales has also secured its supply chain to ensure uninterrupted production.

    The Economic Times
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