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Results for manuels diwansol aÂ .New Delhi: India’s defence purchases grew at the fastest pace in over five years in 2016-17, according to data released by the Cabinet Committee on Security (CCS).
Total armaments procurement reached ₹1.1 trillion last year, a jump of 19.1% over the ₹934.2 billion spent in 2015-16.
Defence acquisitions rose to ₹721.9 billion, up 25.8% over 2015-16. As a result, India now spends nearly ₹7,000 crore on arms every month, excluding non-major projects, as compared with an average of ₹3,000 crore in 2015-16.
The rising purchases are largely due to the government’s plan to modernise the armed forces, seen as a pre-emptive measure against China, which the Indian military sees as an increasing threat.
As a percentage of gross domestic product, defence spending accounted for 3.2% of the gross domestic product in 2016-17, up from 2.8% in 2015-16 and 2.9% in 2014-15.
The numbers could rise further as the government has amended the defence procurement procedure to allow the armed forces to make such purchases, which are usually disapproved by the CCS.
Of the total expenditure of ₹1.1 trillion on arms, the government spent ₹238.9 billion on defence projects and the rest on projects meant for the armed forces and non-military projects.
The government announced a record defense budget of ₹1.08 trillion in 2016-17.
A bulk of the purchases is for the army and Indian Air Force. For the army alone, the government spent ₹141 billion, including ₹51.5 billion for aircraft and tankers, and ₹75 billion for amphibious warfare ships, as well as ₹21.5 billion for drones and unmanned vehicles.
The defence budget of ₹3.28 trillion is likely to have risen to ₹3.32 trillion, as fresh tenders were announced in 2016-17. This would be a growth of 2.8% as compared with the previous budget of ₹3.25 trillion.
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