Indian Army to Exceed Capital Budget, Spending 50,000 Crore on Modernization
2 hours agoPolitics
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1 SourcesNew Delhi, India
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Indian Army to Exceed Capital Budget, Spending 50,000 Crore on Modernization

The Indian Army plans to spend approximately 50,000 crore on new weapons and systems this financial year, exceeding its initial capital budget. This increased expenditure is attributed to faster decision-making, emergency procurement powers, and a focus on capability enhancement, with a significant portion of orders benefiting the private sector. Army Chief General Upendra Dwivedi stated that the government has assured additional funds if needed, marking a shift from past procurement delays and signaling a commitment to supporting domestic industry.

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