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Opinion | Defence Outlay In First Modi 3.0 Budget Should Reflect India’s Status As 5th Largest Economy
In the interim budget for 2024-25, India’s outlay for defence stood at around $78 billion. Meanwhile, China this year announced a defence budget draft worth $231.36 billion.
![Opinion | Defence Outlay In First Modi 3.0 Budget Should Reflect India’s Status As 5th Largest Economy Defence Outlay First Modi 3.0 Budget India 5th Largest Economy abpp Opinion | Defence Outlay In First Modi 3.0 Budget Should Reflect India’s Status As 5th Largest Economy](https://feeds.abplive.com/onecms/images/uploaded-images/2024/07/21/bb3fc3f5929b61749fb8fe0f979dbdd11721552250919997_original.jpg?impolicy=abp_cdn&imwidth=1200&height=675)
Indian Army’s Battle Axe Division carries out a specialised heliborne operations exercise with the Indian Air Force in Phalodi, Rajasthan. Representational image.
Source : X.com
When Union Finance Minister Nirmala Sitharaman presents the first Union Budget of the new Modi government, the strategic community will be keeping a close watch on the contours of the defence component. While defence is one of the most keenly dissected sections of the Union Budget in any given year, it takes on a whole other level of importance as India battles a series of security challenges.
Not only is the Line of Actual Control (LAC) faceoff with China – which has required India
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