Defence Procurement Won’t be Affected by Global Economic Situation, says Defence Minister

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New Delhi: Defence Minister Rajnath Singh said that India’s defence procurement would not be affected by the global economic situation.

Speaking at the launch of the draft Defence Procurement Procedure, 2020, Singh said the global economy could improve in the next two-five months.

“There would certainly be impact of global economy’s condition on all nations. I feel there would be hardly any impact of global economy’s condition on India’s defence procurement,” Singh said when asked if the global economy’s condition and Coronavirus pandemic would affect Indian defence procurement.

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“We can’t rule out a possibility that global economy will improve in next two to five months,” he said.

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