India Becomes Largest Defense Market for U.S.
"We are seeing trade patterns fundamentally change for the dominant players," said Ben Moores, the study's author. "The most notable change is the spectacular level of imports from India. China, Indonesia, Egypt, and Taiwan all saw imports increase by one billion. When we look at India, those figures were $5.9 billion. By 2015, our forecasts show that number jumping to $8.16 billion."