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The military budget or defence budget of 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 ...
The Indian Army accounts for more than half of the total defence budget of India, with most of expenditure going to the maintenance of cantonments, salaries and pensions, instead of critical arms and ammunition. [17] As of 2019, there is 25% shortfall in the military's budget demand versus the actually budget allocation by the government. [18]
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2023, based on current market exchange rates.
The production of the Dhanush has restarted following a pause due to a shortage of spare parts. In FY2023–2024, Advance Weapons and Equipment India Limited (AWEIL) intends to supply the Indian Army with 26 brand-new howitzers. With this, the Indian Army will have 50 Dhanush weapons overall. The Army received the first set of 6 guns in April 2019.
Indian Army has issued a requirement of 650 6×6 High Mobility Vehicles (HMV) with material handling crane for ammunition and heavy equipment transportation in mountainous terrains. [413] On 23 June 2021, the Indian Army issued an RFI for about 2,000 Gun Towing Vehicles for towing 155 mm Medium Artillery Guns. The GTVs should have a towing ...
The Indian Armed Forces (including Indian Army, Indian Air Force, Indian Navy) and Indian Coast Guard under the Ministry of Defence are primarily responsible for ensuring the territorial integrity of India. As per Statista, MoD is the largest employer in the world [11] with 29.2 lakh (2.92 million) employees. [12] [13] [14]
By the end of 1947, there were a total of 13 Indian major-generals and 30 Indian brigadiers, with all three army commands being led by Indian officers by October 1948, at which time only 260 British officers remained in the new Indian Army as advisers or in posts requiring certain technical abilities. [48]