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Amid tensions with China and Pakistan, the Government of India has increased the defense budget by about 70 thousand crore rupees. For 2023-24, Rs 5.94 lakh crore has been given to the Ministry of Defense by the government. Most of the budget will be used for the basic improvement required for the jawans.
What was the defense budget in 2022-23?
In the financial year 2022-23, the Government of India had increased the security budget by 9.86 percent. The government had increased 47 thousand crore rupees in the budget of 2022 to increase the salary of army personnel and other defense expenditure. The defense budget in 2022-23 was Rs 5.25 lakh crore.
When and how much did the defense budget increase in 5 years?
fiscal year total budget
2019- 20 Rs 4.31 lakh crore
2020-21 Rs 4.71 lakh crore
2021-22 Rs 4.78 lakh crore
2022-23 Rs 5.25 lakh crore
The parliamentary committee reprimanded the budget cuts
In May 2022, the Defense Committee of Parliament issued a report. It was said in the report that after 1962, the government has kept the lowest defense budget in the year 2022.
Expressing concern, the committee said that the Indian Army is fighting on two fronts. In such a situation, cutting the budget is beyond comprehension. The committee had also raised questions regarding the reduction in the amount received under the capital head. Under this, army weapons are bought.
India spends less than 1% on military research
According to the Defense Committee of the Parliament, less than 1 percent of the total budget is spent on military and related research work in India. On the other hand enemy country China Spends 20% of the total defense budget on research related to security.
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