India’s defense budget has remained stable at around 2% of GDP for the past five years. The Indian government has pledged to spend 19% – of the ₹4.78 crore allocated to the defense sector – on purchasing new equipment, weapons, fighter jets and others by March 2022.
According to Sameer Patil, Senior Fellow of the ORF, that money may not be fully spent as planned, a national security and defense expert told Business Insider. , who also believes that the upcoming Feb. 1 budget could focus more on bolstering the Indian Navy. in absolute terms, it could remain low as a percentage of gross domestic product (GDP). India’s defense budget has remained stable at around 2% of GDP for the past five years.
Commodore Anil Jai Singh, a submarine veteran, also expressed concern that China “donated” the Type 035 Ming 035 diesel-electric submarine – the oldest class of submarine. Chinese inventory sailors – in Myanmar last month.
This project, which aims to build P75i submarines, is expected to see an investment of up to ₹45,000 crore. The Indian Army is also trying to defend itself by building an underwater warfare capability, buying more maritime surveillance drones and building a fleet of 300 for the Indian Navy.