Residents of Hyderabad and those who own property
in Hyderabad can see green shoots ahead due to the recent deal which
allocates some of the offsets from the French fighter jet Rafale deal to the
Reliance Group. This move by the Reliance Group is clever as it would allow the
group to gain expertise in an industry which is vast and one in which the government
hopes India shall eventually become self-reliant. There are a number of defense
manufacturers in Hyderabad which may further be commissioned by the Reliance
Group to create defense related equipment for Reliance.
There are numerous industries all across the globe which generate
huge sources of Income for many nations. For instance, Saudi Arabia is a very
rich country precisely because it exports oil which is abundant in that
country. Many say that America’s rich people are Saudi Arabia’s poor ones.
That’s how rich the Middle East nation is. Another example to consider is Dubai
which is a playground for wealthy middle easterners who have propped up its
economy and created a construction boom in the city using oil money. These
regions play a critical role in one of the most important industries in the
world, namely oil, and are rich because of their natural resources. Another
industry which is highly profitable and comparable in size or profitability is
the arms industry.
Saudi Arabia is also one the biggest importers of weapons from the
US. The US is also by far the largest producer and exporter of weapons and
earns a great deal of wealth for this reason. Consider Japan which is poorly
endowed in natural resources, yet it a very wealthy nation due to its
technological prowess which rivals the US and European nations. Although India
is a large country it too is poor in natural resources. A vibrant weapons
industry in India could change the fortunes of many Indians. Additionally, the
weapons industry usually leads to the creation of many other industries and
technological breakthroughs which benefit all industries.
The World Wide Web is the product of the American defense industry
and was created to ensure that in the case of a surprise nuclear attack from
the former Soviet Union, America’s ability to issue orders for a counter attack
with its own nuclear arsenal would not be compromised. While the product of the
defense sector, the internet is crucial to commerce across the globe and life
before it is difficult to imagine for many today. Breakthroughs from the
defense sector which have been used in commercial applications are too numerous
to name. Similarly, with a powerful defense industry, all Indian industry would
eventually benefit. Builders in Hyderabad may be able to use a more
robust material for construction and residential apartments in Hyderabad may be built
in a far shorter span of time than they are today.
With a powerful defense sector spread all across the country,
India could earn as much or more than it does today from software exports. Many
more in the future may be able to afford luxury
apartments in Hyderabad or
Mumbai then are able to today. One of the reasons why the US is the most
powerful country in the world is that it has a huge military industrial complex
which has regularly churned out applications that have commercial applications.
With a huge defense sector, India would save money on importing weapons as it
does today while at the same time earning more through exports. A robust
defense industry is not just good economics but also makes sense as rather than
paying huge sums of money to foreign companies to provide us with weapons, it
makes far more sense for India to become self-reliant in building weapons and
then export them while inducting them into our own defense forces
simultaneously.
