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Indian defence budget
Quick points to Remember
• Strategically important sector
• The defence budget has increased recently
• India among top 5 defence spenders
• But lack of required equipment, infrastructure etc.
• Imports of arms
• FDI in defence
Introduction
The defence sector of the country is one of the most strategically significant sectors of the
country. So it is important that proper allocation of funds should be made for this sector.
The proportion of the Union Budget of India that is allocated for the armed forces and
defence is said to be the Indian Defence budget.
Key points
• The Ministry of Defence is given budget allocations. A major part of it is for
India’s defence budget and the rest is for defence pensions and other
miscellaneous allocations.
• In 2018, the Finance Minister Arun Jaitley allocated Rs 404365 crore for
Ministry of defence out of which Rs 279305 crore was for India’s defence
budget.
• Army sector has the maximum allocation out of the total budget in 2018
followed by Indian Airforce and Navy.
• In 2018, the hike in Indian defence budget was 7.8% from last year.
• India is said to be amongst the top five military spenders in the world.
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