Defense Budget 2021 To See Unprecedented Hike Reflecting 5-year Modernization Plan

Defense Budget 2021 To See Unprecedented Hike Reflecting 5-year Modernization Plan

Defense 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, the 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 per cent 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." Also Read : Indian SU-30 MKI Jets Loaded With BrahMos M issiles Practice Hitting Chinese Assets Far Away From Ladakh General Narawane also emphasized the need for technological advance…