Explorer
Opinion | Modi Govt's Marginal Defence Budget Hike Makes Light Of Indian Military’s Glaring Firepower Gaps
The nominal increase in the defence budget will only address rising expenses on salaries, pensions, and allowances, as well as inflationary pressures, and the devaluation of Indian currency.
Despite the increased tension and aggressive military posturing along the borders, India’s defence preparedness appears to be progressing at a slow pace. The allocation of Rs 6,22,000 crore for defence in the Union Budget of 2024-25 reflects a marginal increase of 4.79% over the previous financial year. The budgetary provision under the capital head stands at Rs 1,72,000 crore, with no significant increase to enhance India’s firepower. The defence budget, which reached 3% of the GDP
Follow INDIA AT 2047 News on ABP Live for more latest stories and trending topics. Watch breaking news and top headlines online on ABP News LIVE TV
Top Headlines
Election 2024
World
Business
India
Trending News
Lakshmana Venkat Kuchi
Opinion