Modi administration enhances military capabilities through substantial capital investment
The addition of Rafale-M jets will strengthen the Indian Navy's capabilities on aircraft carriers, while the new submarines will bolster security in the Indian Ocean area.
This month, the Narendra Modi administration is anticipated to approve the purchase of 26 Rafale-Maritime strike jets, continuing its pattern of increased capital expenditures on defense assets. For the fiscal year 2024-25, the NDA government allocated over ₹2 lakh crore for this purpose.
It has been reported that the $7.6 billion fighter aircraft procurement will be presented to the Cabinet Committee on Security (CCS) later this month, and this will precede the government's endorsement of three additional diesel-electric submarines after aligning all parties involved. The Rafale-M jets will serve to enhance the Indian Navy's effectiveness at sea aboard India's two aircraft carriers, while the extra submarines will provide stronger conventional deterrence in the Indian Ocean Region (IOR).
In the fiscal year 2024-2025, the defense ministry signed 193 agreements totaling ₹209059.85 crore, compared to 192 agreements amounting to ₹104855.92 crore in 2023-2024. Since taking office in 2014, the Narendra Modi government has entered into 1096 agreements with a combined value of nearly ₹10 (₹946225.48) lakh crore.
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