|Home > Money > Budget 2001 > Economic Survey 2000-2001|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | Technology | Travel
|February 23, 2001||Feedback|
Defence spending up at early-90s level
Tara Shankar Sahay in New Delhi
Defence expenditure has fallen from 2.7 per cent of GDP in 1990-91 to 2.2 per cent of the GDP in 1996-97, the government's Economic Survey highlighted on Friday.
"Given the heightened threat perception after Kargil, this has now risen back to the level of the beginning of the 90s," it pointed out.
It said if the increased demand on the equipment budget of the defence services is to be met without raising the ratio further, 'there is need for a deep and comprehensive introduction of modern management systems'..
It said this must cover the defence production units, procurement systems, supply chain management, logistics and inventory.