To cope with the very rapid rise of the Chinese People's Liberation Army navy, which will grow from 330 surface vessels and 67 submarines today, to 450 surface ships and 100 submarines in 2030 , the Indian Navy was engaged, from 2012, in a vast plan of modernization and extension, to bring it from the 130 ships currently in service to 200 ships in line in 2030, including 2 naval air groups around the aircraft carriers IAC-1 INS Vikrant and INS Vikramaditya. But the decline in budget revenues of the Indian state, linked to the slowdown in the country's growth, which fell from 8,5% in 2015 to 5% in 2019, has significant consequences on the execution of this plan.
For several years, and until 2015, the budget allocated to La Défense by New Delhi remained stable around $ 51 billion, despite the often very significant growth of the national economy. In 2015, faced with the obvious transformation of Chinese military power and Pakistani strengthening on the basis of an increasingly solid alliance with Beijing, Prime Minister N. Modi embarked on a plan to rapidly modernize his armed forces, concomitantly to its defense industry. Between 2015 and 2019, the Indian Defense budget increased from $ 55 billion to $ 66 billion. At the same time, however, the share of spending allocated to the Indian Navy fell from 18% to 12%, resulting in an effective drop in appropriations of nearly $ 2 billion per year.
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