Russia's misadventure in Ukraine sets off European re-armament

Possible setback to Make in India as dynamics shift

Russia’s ongoing military invasion of Ukraine, which began on February 24 and still continues, has been described as a turning point in the modern history of Europe.
 

Russia’s aggression has catalysed European rearmament, galvanised the European and American arms industry, rejuvenated the North Atlantic Treaty Organization (NATO), caused Germany to reassert European leadership, and galvanised tentative Japanese militarism.
 

For India, which has been enjoying the advantages of an arms buyer’s market and invoking the “Atmanirbhar Bharat” slogan to bargain hard for setting up production of western weaponry in the country, this unwanted shift towards a seller’s market spells bad news.