New Delhi: The Union Budget, to be presented on February 1, may see an increase in the defence budget. This is also expected because in the wake of tensions between India and China in Ladakh, the steps taken to further strengthen the Indian Army may increase spending estimates.
A provision of Rs 3.37 lakh crore has been made in the last year's defense budget, compared to Rs 3.18 lakh crore last year. This time it is expected to grow more.
If the neighboring countries become confrontational with China, then it is clear that the defense will need a lot of government help. However, it cannot be waited till this time because it takes a lot of time to develop and purchase defense equipment. Overall it is necessary to increase military capability to deal with China.
Due to tensions in Ladakh, the Indian Army had to prepare a lot there. Warm clothes, ammunition as well as small arms had to be bought in emergency. Now in the coming times, in this Ladakh, the front may have to be monitored.
Emphasis on Make in India:
This time it is believed that in the defense sector, the government will emphasize on Make in India. Finance Minister Nirmala Sitharaman indicated this only in 2020. He announced raising the foreign direct investment (FDI) limit from 49 percent to 74 percent through the automatic route.