Points to Remember:
- Indian government has reportedly decided to spend $130 billion for “fleet modernisation in next 5-7 years across all armed forces”.
- Government’s immediate priority is procurement of 2,600 infantry combat vehicles and 1,700 future ready combat vehicles for the Indian Army, as per reports.
- The Navy has reportedly finalised a plan to procure 200 ships, 500 aircraft and 24 attack submarines.
- At present, the Navy has around 132 ships, 220 aircraft and 15 submarines.
- It is also inducting the first batch of its intercontinental ballistic missile system — Agni V — which is expected to significantly bolster the country’s air defence system.
- The missile, with a strike range of 5,000 km, is capable of carrying a nuclear warhead.
Very few countries, including the US, China, Russia, France and North Korea, have intercontinental ballistic missiles.
- In its missile armoury, India currently has Agni-1 with a 700 km range, Agni-2 with a 2,000-km range, Agni-3 and Agni-4 with 2,500 km to more than 3,500-km range.
Important Possible questions based on above News:
- What estimated budget has been decided by Indian Government for “fleet modernisation in next 5-7 years across all armed forces”? $ 130 Billion
- What is the Strike range of Agni V missile? 5000 km
- What is the name of the India’s Intercontinental Ballistic Missile? Agni V