NEW DELHI, (BM) – The Ministry of Finance of India has tightened the policy of allocating funds to the programs of the Ministry of Defense of the country due to the financial and economic effect of the pandemic of the coronavirus COVID-19, learned BulgarianMilitary.com quoted Jane’s Defense Weekly report on April 12.
The publication bases its forecast on the fact that on April 8, the Ministry of Finance of India called on the military department to adjust the programs for the 2020-2021 financial year, taking into account the reduction in funding.
According to some reports, Indian authorities do not expect economic improvement until at least March 2021.
What kind of programs the Indian Ministry of Defense will suffer from underfunding, the publication does not specify, but claims that this will be a serious blow to plans to modernize the army and navy.
BulgarianMilitary.com recalls that India has a delay in receiving weapons and military equipment from its partners for already ordered equipment. As we wrote on March 16 the Delivery of the first four Rafale fighters to India, scheduled for May, may be delayed.
New fighters were expected to land in India in the last week of May, but the Indian Air Force command has not yet received confirmation from Dassault Aviation.
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