EXCLUSIVE: Read inside story of Indian economy amid induction of expensive Apache AH-64E in IAF

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The Air Force of India, which is facing a sharp economic downturn, has inducted eight attack helicopters to its fleet.

One of the most advanced multi-role combat helicopters Apache AH-64E were delivered at the Pathankot Air station.


“Apache attack helicopters are being purchased to replace the Mi-35 fleet,” said IAF chief Air Chief Marshal BS Dhanoa at the induction ceremony.

India has inducted the high-priced combat helicopters when its top officials were busy in a public debate over the state of the country’s economy.

Although with the induction of the latest high-priced combat copters New Delhi has become the 16th nation to select the Apache and the AH-64E, the move has deprived millions of Indians from their jobs and other basic necessities.

India had signed a multi-billion dollar deal some fours years back to purchase 22 combat choppers from the US.

The India’s current slowdown is unprecedented in last seven decades, Rajiv Kumar, the chief of government think-tank Niti Aayog said.

Moody’s, over the last two years, has downgraded India’s 2019 GDP growth forecast thrice – from 7.5pc to 7.4pc to 6.8pc to 6.2pc.

India’s automobile industry is likely to lay off about a million direct and indirect workers.