Defence Budget 2021 To See Unprecedented Hike Reflecting 5-year Modernization Plan
Defence budget 2021 is set to reflect the modernization plan of the Armed Forces for the next 5 years which is likely to attract the highest ever hike in the upcoming budget for the sector and a 2-year roll-on acquisition plan is also being made. Indian Defence forces are moving ahead with pace to become ‘Atmnirbhar’ with minimum dependence on foreign weapons, equipment, and technology. In order to achieve self-reliance, Defence budget can be hiked to reach a 6 lakh crore figure.
Chief of Army Staff General MM Narawane said on Tuesday that, “We had got the biggest chunk of the national budget that was,15 percent of the national budget last year but this year situation being more demanding due to the ongoing tensions with China along the LAC, we expect to get a higher budget this year.”
General Narawane also emphasized the need for technological advancements that require a high budget. In view of the challenge of the China People’s Liberation Army in Ladakh and the continued treachery of Pakistan along the Line of Control, a long-term outline of military preparations is being prepared in the Ministry of Defense’s Military Department. After the creation of the post of Chief of Defense, the defence budget of this time will be allocated on the basis of the joint modernization roadmap of the three armies.
According to defence sources, in view of the ongoing tension along the border, there may be an unprecedented increase in the budget for the situation of war on two fronts.