During the DefExpo 2022 (October), major contracts were inked, including a ₹6,800 crore deal for 70 HTT-40 trainer aircraft. 4. Energy & Inflation Pressure
In April 2022, India scrapped a $1.1 billion deal for Russian Mi-17V-5 helicopters in favor of locally produced models like the HAL Rudra and Dhruv . Winchester India – April-October 2022
The period ended on a somber note when industrial output crashed by 4% in October , marking the worst performance for Indian industry in over two years. 2. Steel: The Global Exporter Pivot During the DefExpo 2022 (October), major contracts were