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The defence budget of India was increased to ₹ 621,940 crore (US$75 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$71 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.
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
The 2024 Union Budget of India [1] (ISO: 2024 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government's third term. [2]
2024 Interim-Union budget of India; 2024 Union budget of India; E. ... Finance Act (India) Fiscal Responsibility and Budget Management Act, 2003; M. Military budget ...
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
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, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
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]