Military budget of India
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. 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 (US$50 billion) 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. In presenting the Defense Budget of 2018-19 Finance Minister allocated ₹404,365 crore (US$56 billion) for Ministry of Defense (MOD).
Expenditure (% of GDP)
|Armed force||BE 2013-14 (Rs in Cr)||RE 2013-14 (Rs in Cr)||Under/over spending (Rs in Cr)||Under/over spending (%)||Interim 2014-15 (Rs in Cr)||% Growth of interim 2014-15 over BE 2013-14|
- "Arms race: India approves defence procurements worth $3.5 bn, says report". The Express Tribune. 20 July 2014. Retrieved 20 July 2014.
- Behera, Laxman K (February 3, 2017). "India's Defence Budget 2017-18:An Analysis". Institute for Defence Studies and Analyses. IDSA. Retrieved May 8, 2017."India's defence budget hiked 10pc to INR 2.74 trillion". DAWN.COM. 2017-02-01. Retrieved 2017-02-01.
- "Budget 2018: Defence sector gets a boost by 7.81%". Economic Times. Retrieved 26 February 2018.
- "Military expenditure (% of GDP)". worldbank.org. Retrieved 3 February 2019.
- "India's Interim Defence Budget 2014-15: An Appraisal". idsa.in. Retrieved 20 July 2014.
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