The export list, among other items, includes the fighter jet Tejas, locally made artillery guns the ATAGS and notably the Brahmos missile systems a joint venture between India and Russia.
We plan to spend 130 Billion Dollars on military modernization over the next 7-8 years ,” Indian Defence Minister Rajnath Singh
An allocation of almost $ 18 billion, under what is called the ‘Capital head’ of its budget, is the largest increase in 15 years when calculated on an year-on-year basis. It also almost doubles the allocation within past four years. In the budget presented in February 2017 the allocation was Rs 69,473 Crore ( approx $ 9.26 billion).
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