Overview of India's Defence Budget for 2024-25
Tuesday, 23 July 2024, 22:10
India's Defence Budget Overview
In the recent budget announcement, India's total defence budget for 2024-25 has been fixed at ₹6.22 lakh crores.
Key Highlights
- Overall increase: The budget shows a hike of 4.79% from last year’s ₹5.94 lakh crore allocation.
- Defence pensions: A substantial portion of the budget, ₹1.41 lakh crores, is earmarked for defence pensions.
- Percentage of total budget: The defence allocation represents approximately 12.9% of India's total budget outlay for 2024-25.
Conclusion
In conclusion, while the increase in the modernisation allocation may be minor, the overall commitment of ₹6.22 lakh crores demonstrates the government's focus on bolstering its defence framework and addressing contemporary security challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.