India Sets Up Non-Lapsable Fund For Defence Modernisation

India has announced it will set up a non-lapsable fund to invest more in the country’s defence modernisationThe fund comes just after the government allocated ₹1.60.000 Crores ($19.4bn) to the modernisation of the armed forces under its February 2023 Union Budget, which marked a 57% rise since 2019/20.In accordance with the programs, the Indian Ministry of Defence (MoD) is expected to add main
India has announced it will set up a non-lapsable fund to invest more in the country’s defence modernisationThe fund comes just after the government allocated ₹1.60.000 Crores ($19.4bn) to the modernisation of the armed forces under its February 2023 Union Budget, which marked a 57% rise since 2019/20.In accordance with the programs, the Indian Ministry of Defence (MoD) is expected to add main
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