India’s budget shortfall is thwarting modernisation
India’s defence budget for April 2019-March 2020 presented by the re-elected government has fallen short of expectations, with planned modernisation of the military i likely to be delayed.
According to the Institute for Defence Studies and Analyses (IDSA) think tank: ‘If the requirement of new schemes is added, the shortfall on the modernisation front was a staggering 48%…The MoD and the wider defence establishment will have to learn to live with the limited growth in defence spending at least till 2021-22.’
‘This budget will barely compensate committed liabilities of making payments towards already finalised and partially delivered procurements,’ an OEM
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