The military budget or defence budget of

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

is the portion of the overall budget of

Union budget of India The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it coul ...

that is allocated for the funding of the

Indian Armed Forces The Indian Armed Forces are the military forces of the Republic of India. It consists of three professional uniformed services: the Indian Army, Indian Navy, and Indian Air Force.—— Additionally, the Indian Armed Forces are supported by ...

. 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 technologies, weapons, equipment, and vehicles. The

Indian Army The Indian Army is the land-based branch and the largest component of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Army, and its professional head is the Chief of Army Staff (COAS), who is a four- ...

accounts for more than half of the total defence budget of India, with most of the expenditure going to the maintenance of cantonments, salaries and pensions, instead of critical arms and ammunition.

Overview

India's defence budget includes allocation for the three defence services, army, navy and air force. It also includes allocation for the ordnance factories, research and development, and capital outlay. Additionally there are civil defence expenditures such as pensions. Unofficial expenditure includes expenses for four of the six

Central Armed Police Forces Central Armed Police Forces (CAPF) is the collective name of central police organisations in India under the Ministry of Home Affairs (MHA). These are technically paramilitary forces formerly known as Central Para-Military Forces (CPMF). Since ...

responsible for border security. Space and atomic energy is funded separately.

Expenditures

2017–18

Union Minister for Finance allocated of the

2017 Union budget of India The 2017 Union Budget of India is the * Annual Financial Statement (AFS) mandated by Article 112 of Constitution of India * Demands for Grants mandated by Article113 of Constitution of India * Appropriation Bill mandated by Article 114(3) of Co ...

for development in the Indian armed forces, marking a raise of around 7% from the previous fiscal year.

2018–19

In presenting the Defence Budget of 2018-19 Finance Minister allocated ₹4,04,365 crore (US$ 63 billion) for the

Ministry of Defence {{unsourced, date=February 2021 A ministry of defence or defense (see spelling differences), also known as a department of defence or defense, is an often-used name for the part of a government responsible for matters of defence, found in states ...

(MOD). This translates into an increase of 5.66% over 2017-18 defence budget.

2019–20

As 2019 was an election year the

NDA NDA may stand for: Military * National Defence Academy (India), a military academy in India * National Defence Act, legislation for organizing and funding Canada's military * National Defense Academy of Japan, a military academy in Japan * Nig ...

government presented an interim budget in place of a regular budget as per the general practice. In the interim budget an allocation of ₹4,31,011 crores (US$61.573 billion) was made. On its re-election the NDA government kept the military budget unchanged. However the actual expenditure exceeded the estimated amount and final spending of defence for 2019-20 stood at ₹4,48,820 crores (US$62.71 Billion). So there was an increase of around 10% with respect to previous budget.

2020–21

The allocation for defence during the fiscal year 2020-21 stood at (US$73.86 Billion). This amounted to an increase of nearly 9%.

2022-23

The allocation for defence during the fiscal year 2022 -23 stood at 76.88 billion dollar, making it the third highest in the world after USA and China.

Spending (% of GDP)

The above statistics were collected by

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

up to 2018.

Capital Acquisition

The above data was published by the

Institute for Defence Studies and Analyses The Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA) (formerly known as: Institute for Defence Studies and Analyses (IDSA)), New Delhi, is India's foremost think tank for advanced research in international relations, espec ...

Overview

Expenditures

2017–18

2018–19

2019–20

2020–21

2022-23

Spending (% of GDP)

Capital Acquisition

See also

References

Bibliography

Further reading

Books

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