India's spend on homeland security to double by 2020: Study

NEW DELHI: India's share in the global homeland security expenditure would almost double to six per cent in the next 10-years, due to high economic growth and increasing threat of terrorism in the country, a study said.

"By 2020, about 6 per cent of global procurement in the field of homeland security is expected to be emanated from India," it said.

India currently accounts for 3.6 per cent of the global homeland security expenditure, the study said.

Britain, Germany and France too would emerge as big players in global homeland security market as opposed to present situation, wherein the US continues to be a dominant player with about 34 per cent of global procurement in this field, the joint study of KPMG and Assocham said.

India offers huge potential for firms engaged in the sector due to its high GDP growth, obsolete equipment and modernisation of police and paramilitary forces, it said.

The study also said that besides India, China and Turkey are among the other countries that are expected to exhibit the fastest market growth in this sector.