The
29th report of the Estimates Committee that was chaired by veteran BJP MP,
Murli Manohar Joshi, raises many alarming questions about India’s defence
preparedness. The most severe indictment is that India’s defence budget as a
percentage of GDP at 1.56 per cent has fallen to the 1962 levels. The acute
shortage of funds for capital acquisition has had a devastating impact on the
modernisation of our defence forces.
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