India’s defence budget has nearly doubled in 5 years but the money is not enough to upgrade the weapons
- The union budget will be presented in the parliament on July 5, 2019.
- The defence forces are hopeful of increased budget allocation as Smt Nirmala Sitharaman herself is the former defence minister.
- India is the fourth largest defence spender globally.
The
Indian armed forces expect the Union Budget 2019, to be announced on July 5, to provide more money to modernise and upgrade the country’s defence establishment amidst ever-increasing global and internal challenges.
Fuelling this hope is the fact that the newly-appointed Finance Minister Nirmala Sitharaman was in charge of the defence ministry in her last role and therefore, she would be well aware of the challenges and requirements of the forces.
The defence budget has increased nearly doubled in the last five years, the first term of the Narendra Modi government. But the money was still not enough to upgrade the weapons because the lion’s share of the allocation for the ministry of defence (MoD) goes into paying salaries and pensions.
]]>
The Indian army has the largest share in the defence budget, more than half. Second in the list comes that
Indian Air Force followed by the navy, DRDO and ordnance factories.
]]>
In 2018, India became the fourth largest military spender in the world, with the United States of America, China and Saudi Arabia ahead in the list and France at the fifth spot.
Global military expenditure also grew 2.6 % to $1.8 trillion in 2018 compared to a year earlier, according to the Stockholm International Peace Research Institute (SIPRI). India’s defence allocation grew 6.5% in the year ending March 2019.
Geopolitical tensions are rising around the world- tensions between the
US and Iran, simmering conflict in
the South China sea, the constantly
volatile middle east, and last but not the least
India’s own conflict with Pakistan and the
threats from China, make the modernisation of India’s military necessary.
]]>
