Future of The Indian Navy
Indian Navy has decided to increase its spending by around 75 per cent in the current fiscal 2012-2013. With an overall hike in the defence budget of 17 per cent, Indian navy has been allocated $4.77 billion which is roughly $2 billion more than the allocation for 2011-2012. The increase in expenditure will be utilised to procure several frigates and destroyers, speed up key projects and increase its strategic reach in the Indian Ocean region.
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