Monthly Sector Update | Aerospace & Defence | December 2020
India decided to opt-out of RCEP in November 2020. Both from a geopolitics perspective and a trade perspective, it is a big decision. However, that said, India continues to focus on bilateral and multilateral agreements. The two phases of the Malabar 2020 naval exercise was closely monitored with Australia also joining for the first time. The logistics agreements with countries including the US and Japan (the same with Russia and UK planned soon) also indicate a further strengthening of military co-operation. At the LAC, both sides are buckling down for the harsh winter. The non-compromising posture by India has found admirers the World over.