Increase The Indian Army’s Capital Budget : Parliament Panel

The parliamentary standing committee said that proxy wars were one of the Army’s biggest problems. This seemed to be a reference to Pakistan-backed cross-border terrorism in Jammu and Kashmir.

A parliamentary panel has said that the Indian Army’s capital budget should be increased so that it can improve its ability to deter threats from its two “hostile” neighbours, Pakistan and China.

The committee praised the Defense Ministry’s efforts to make military platforms more “indigenous” and hoped that in the coming years, “100% contract value” would go to Indian vendors.

When talking about the problems facing the Army, the parliamentary standing committee mentioned proxy wars. This seems to be a reference to cross-border terrorism in Jammu and Kashmir that is supported by Pakistan.

The committee thought that money for updating the armed forces should always come in small amounts.

“The committee also wanted there to be a separate allocation in the modernization/capital budget for committed liabilities and new schemes,” it said.

Tuesday, the report of the group was given to the Lok Sabha.

“Our spending should go up at the same rate as our neighbours’ spending on defence. So, the committee said that the Army’s capital budget should be raised so that it can be used as a deterrent against at least two hostile neighbours “It said this in a way that was not directly about Pakistan and China.

The committee saw that the Navy was expected to spend Rs 52,804,75 crore on capital costs in 2023–2024.

“Compared to this projection, the committee found that this year’s allocation is practical and helpful for the Navy because the ministry actually gave the same amount as projected, even though this projection is Rs 14,818.21 crore less than the projection it made for the year 2022-23,” the report said.

“This also shows that the Navy’s needs for the new plan have changed and decreased, which could hurt its efforts to modernise. The committee said that the reasons for the lower projections than last year should be explained “what they said.

The committee suggested that starting next year, a separate statement of the Navy’s net budget should be given after inflation is taken into account. Inflation is a constant and unavoidable part of economic theory, and the Navy is no exception.

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