India-France Eye Record-Breaking ₹3.2 Lakh Crore Rafale Deal Amid IAF Squadron Crisis
India
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Moneycontrol•13-01-2026, 19:44
India-France Eye Record-Breaking ₹3.2 Lakh Crore Rafale Deal Amid IAF Squadron Crisis
- •India and France are in advanced talks for the purchase of 114 additional Rafale fighter jets, estimated at ₹3.25 lakh crore.
- •The Ministry of Defence will discuss the proposal this week, with some jets potentially delivered in fly-away condition.
- •A significant portion of the Rafale jets will be manufactured in India, aiming for approximately 30% indigenous content initially, with potential to exceed 60%.
- •This deal, if approved, would be India's largest defense acquisition to date, increasing the total Rafale fleet to 176 aircraft.
- •The Rafale's effective operational performance against Pakistan and the need to address IAF's squadron crisis are key drivers for the deal.
Why It Matters: India and France are poised for a historic ₹3.25 lakh crore Rafale deal to bolster IAF's fleet and indigenous manufacturing.
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