Fighter jet makers eye Indian riches after scaled-back French deal

Foreign fighter jet makers see a multi-billion dollar opportunity in India's decision to scale back purchases of high-end aircraft from France, which may free up cash in the world's largest arms importer to buy a new fleet of mid-range planes. Prime Minister Narendra Modi announced last week that India would buy 36 French Rafale jets for an estimated $4.3 billion (2.88 billion pounds), in effect ending talks on a larger deal for 126 planes that would have sucked up some $20 billion.

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