India to Spend A Whopping $130 Billion for Military Modernisation in Next 5-7 Years
Official sources said the government has decided on a broad plan to speed up modernisation of the Army, Navy and the Air Force under which a range of critical weapons, missiles, fighter jets, submarines and warships will be procured in the next few years. The armed forces have been pushing for adequate allocation of funds so that they are well prepared to deal with the possibility of a “two-front” war on both northern and western borders.