India's 5-year military purchase cost

Over the past five years, India has procured military equipment worth Rs 193 trillion, according to details provided by the government in the Lok Sabha. ​​​​

Defense Minister of State Ajay Bhatt said the imports of major defense equipment include helicopters, aircraft radars, rockets, assault rifles, missiles, and ammunition.

The data provided by the Minister of Defense for the procurement of military equipment relate to the period 2017-2022.

Mr. Bhat said the Defense Acquisition Process (DAP 2020) focused on ‘Atmanirbhar Bharat’ (Self-Reliant India) and ‘Make in India,’ with increasing the introduction of indigenous defense contractors and reducing import dependence as key policies.

“Furthermore, DAP-2020 provides the highest priority for purchasing Indian (IDDM) products, and ‘global buying’ is allowed only in exceptional circumstances with special approval from the Defense Acquisition Council (DAC)/Secretary of Defense,” he said in his written response. “

India's 5-year military purchase cost

According to details provided by Mr. Bhatt, procurement from foreign countries stood at Rs 30.677 trillion in 2017-18, which rose to Rs 38.115 trillion in 2018-19 and Rs 40.330 trillion in 2019-20.

India’s defense minister said: Over the past five fiscal years (2017-2022) and the current fiscal year 2022-23 (ending December 2022), a total of 264 defense equipment procurement contracts were signed, of which 88 contracts accounted for the total 36.26% of the value, these contracts were signed with foreign suppliers such as the United States, Russia, France, Israel, Spain, etc.

India’s “Defense Research and Development Organization (DRDO)” is conducting 55 “Task mode” projects with a total cost of 73 trillion rupees.

Areas covered include nuclear defense technology, AIP submarines, combat suites, torpedoes, fighter jets, cruise missiles, drones, gas turbine engines, assault rifles, bullets, light machine guns, rockets, towed artillery systems, armored command vehicles, surface-to-air Missiles, anti-ship missiles, anti-airport weapons, and guided bombs.

The current rupee exchange rate is RMB 0.08. According to the data, it can be seen that national defense autonomy is still far away from India, and even assault rifles need to be imported in large quantities.