The modernization of the Armed Forces is an ongoing process and is executed in consonance with the roadmap laid down in the Long Term Integrated Perspective Plan (LTIPP) which specifies the capabilities that the armed forces need to acquire over a 15 year period (2012-27), considering the current capabilities of the armed forces, the emerging threats in the region and the prevailing technological environment. The modernization of the Armed Forces is carried out by continuously upgrading the existing systems to maintain their operational relevance and replacing old systems with state of art modern systems.
The details in respect of IAF Modernization expenditure for the last three years and current Financial Year (as on 28th February, 2017) are as given below:
(Rs. in crore)
| Financial Year
(FY) |
Modified Appropriation (MA) | Actual Expenditure
(AE) |
| 2013-14 | 37043.62 | 36917.99 |
| 2014-15 | 30805.39 | 30809.39 |
| 2015-16 | 28643.10 | 29045.69 |
| 2016-17
(As on 28.2.2017) |
26245.15 (RE) |
25979.86 |
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