India and Phillipppines have signed a contract over an export deal. The $375 million deal would allow India to export its shore-based anti-ship missile system, the BrahMos, to the Philippines.
For India, the export of the missile system would increase net exports, increasing its national income. For Phillippines, the import of missiles should result in a hit to its GDP. However, an argument can be made that Phillippines can have more bargaining power in the Pacific region due to the presence of missiles that have a range of around 290 km.
Link - https://economictimes.indiatimes.com/news/defence/india-philippines-ink-375-million-deal-for-brahmos-missiles/articleshow/89188501.cms
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