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The budgetary allocation to defence for FY 24-25 is higher by almost one lakh crore (18.35 per cent) than the allocation for FY 2022-23 and 4.72 per cent more than the allocation for FY 23-24, , defence ministry, interim budget
Get latest articles and stories on India at LatestLY. In the current geopolitical scenario and with the twin objective of promoting self-reliance and exports, the defence budget has touched Rs 6,21,540.85 crore in the financial year 2024-25. India News | Record over Rs 6.21 Lakh Crore Allocation to Ministry of Defence in Interim Union Budget 2024-25; 4.72% More Than FY 2023-24.
The Defence Budget has touched Rs 6,21,540.85 crore in the Financial Year 2024-25. This comes out to be 13.04 per cent of the total Interim Budget.
Rs 6,500 crore earmarked to strengthen border infrastructure; Rs 7,651.80 crore allocated to Indian Coast Guard; Budgetary allocation to DRDO enhanced to Rs 23,855 crore. - Budget 2024: Record Rs 6.21 Lakh Crore Allocated To Defence With Focus On Self-reliance And Exports
In an effort to sustain the ongoing modernisation drive and ensure operational readiness, the Interim Budget for Defence for 2024-25 is pegged at `6.21 lakh crore. The allocations for 2023-24 were `5.94 lakh crore. The modest hike is 4.72 per cent. Moreover, the defence allocation is 13.04 per cent