website statistics



What is the percentage of indias defence budget of the total budget

1 Answer

  • The military budget of the India is the portion of the overall budget of Union budget of India that is allocated for the funding of the Indian Armed Forces.[1] The military budget finances employee salaries and training costs, maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles.

    Union Minister for Finance Arun Jaitley allocated ₹359,000 crore (equivalent to ₹3.8 trillion or US$54 billion in 2018) of the 2017 Union budget of India for development in the Indian armed forces, marking a raise of around 7 per cent from the previous fiscal year.[2] In presenting the Defense Budget of 2018-19 Finance Minister allocated ₹404,365 crore (US$58 billion) for Ministry of Defense (MOD).[3]

You May Be Interested