India to spend 130 billion dollars for military modernization in next 5-7 years

[ashdoc]

https://m.timesofindia.com/india/in...on-in-next-5-7-years/articleshow/71053806.cms

One wonders if the spending on defense as percentage of GDP will be increased from next budget onwards. Right now it is 1.4 percent and it needs to be increased to 2 percent of GDP .

 

[IndianHawk]

https://m.timesofindia.com/india/in...on-in-next-5-7-years/articleshow/71053806.cms

One wonders if the spending on defense as percentage of GDP will be increased from next budget onwards. Right now it is 1.4 percent and it needs to be increased to 2 percent of GDP .

I don't think so. Govt knows all the extra money will go for imports . To bring up domestic industry we need to do better in the given budget.

 

[Shashank Nayak]

https://m.timesofindia.com/india/in...on-in-next-5-7-years/articleshow/71053806.cms

One wonders if the spending on defense as percentage of GDP will be increased from next budget onwards. Right now it is 1.4 percent and it needs to be increased to 2 percent of GDP .

Although the defence budget is decreasing as percentage of GDP... It is still around 2 Percent of GDP when you include pensions..