Critical Analysis of India’s Defence Offset Policy: A Comparative Perspective India’s defence offset policy, introduced in 2005 and formalized in 2006 under the Defence Procurement Procedure (DPP), mandates foreign vendors to reinvest at least 30% of contracts valued over ₹300 crore into India’s defence sector. Aimed at fostering self-reliance, technological advancement, and economic growth, the policy sought to reduce India’s 70% reliance on imported defence equipment (circa 2008). Nearly two decades later, its effectiveness remains debated. This analysis critically evaluates the policy’s outcomes, compares it with offset policies in Israel, Australia, Brazil, and South Korea, and offers reform recommendations, drawing on expert insights and data. Objectives of India’s Defence Offset Policy The Ministry of Defence (MoD) articulated the policy’s goals in a 2012 press release: “to leverage capital acquisitions to develop Indian defence industry by (i) fostering development of inte...