ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Buying more Russian weapons will not lift India's economy

Young people need high quality jobs, not increases in defense spending

| India
Russian S-400 missile air defense systems, pictured in Kaliningrad region, Russia, in August 2020: Delhi's arms deals with Moscow risk attracting sanctions of its ally in Washington.   © Reuters

Henny Sender is a managing director at BlackRock in Hong Kong and a former Financial Times correspondent.

In late fall, before the latest COVID wave hit, the Trident Hotel on Nariman Point in Mumbai had only two kinds of guests. Most of the arrivals were locals, Indians who had come largely to attend weddings at what is the best time of year in India's commercial capital. The rest were Russians, selling arms to the Indian Navy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more