Union Budget 2021 | Govt likely to hike defence Budget to meet 'urgent requirements of Armed Forces': Report

Union Budget 2021 | Govt likely to hike defence Budget to meet 'urgent requirements of Armed Forces': Report

Jagran English

New Delhi | Jagran Business Desk: Amid escalating tensions with China and Pakistan, the Modi government might hike the defence Budget for the financial year 2021-22 to meet the "urgent requirement of the Armed Forces".

According to media reports, the Centre is planning to modernise the Armed Forces under its plan to make India self-reliant that might force it to hike the defence Budget. Reports also suggest that the Centre will likely focus on indigenous procurement and research and development (RD) of arms and ammunition for the defence sector in the upcoming budget.

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