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The defence budget of India was increased to ₹ 621,940 crore (US$73 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$69 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25. [15]
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
The Indian Army accounts for more than half of the total defence budget of India, with most of expenditure going to the maintenance of cantonments, salaries and pensions, instead of critical arms and ammunition. [17] As of 2019, there is 25% shortfall in the military's budget demand versus the actually budget allocation by the government. [18]
December 25, 2024 at 7:00 AM. ... This was followed by a bigger Sino-Indian military confrontation in 2017 on the Doklam Plateau, located at the Bhutan-Tibet-India trijunction. And the 2020 ...
Indian Army soldier from White Knight Corps, 2021. The Indian Army has also embarked on an infantry modernisation programme known as Futuristic Infantry Soldier As a System . The infantry soldiers will be equipped with modular weapon systems that will have multiple functions. The core systems include bullet proof helmet and visor.
The Union Budget of India for 2012–2013 was presented by Pranab Mukherjee, on 16 March 2012, which was the 7th budget of his career. These budgetary proposals would be applicable for financial year 1 April 2012 to 31 March 2013. The Union Budget of India for 2013–2014 was presented by P. Chidambaram on 28 February 2013.