In the backdrop of an economic contraction following the Covid pandemic, the Narendra Modi government will present the budget for 2021-22 next week. But all eyes will be on the money that the government will allocate to the defence ministry.
This is primarily because unlike most countries of the world, who are largely battling a slowing economy due to the Covid 19, India is facing another big challenge — China.
And so, there is a greater expectation among the armed forces, which have been reeling under acute financial crunch, for increased allocation to meet their modernisation plans. Read More…
