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In presenting the defence budget of 2018–2019, the Finance Minister allocated ₹ 404,365 crore (equivalent to ₹ 5.4 trillion or US$63 billion in 2023) for the Ministry of Defence (MOD). [7] This translates into an increase of 5.66% over the 2017–2018 defence budget.
The Ministry of Defence ... It is also responsible for the Defence Budget, ... (equivalent to ₹ 780 billion or US$9.1 billion in 2023) ...
The value of defence output has climbed by more than 60% during FY 2019–20. According to the Ministry of Defence, of the overall value of output in FY 2023–2024, PSUs contributed around 79.2%, while the private sector provided 20.8%. In FY 2023–24, defence exports reached a record high of ₹21,083 crore, up 32.5% from the previous fiscal ...
The UK’s defence budget could face billions of pounds worth of cuts if Donald Trump imposes tariffs on the UK, a new forecast has warned. Independent forecasts, included in new research from the ...
Brings UK military spending to 2.25% of GDP by 2025, says chancellor. For premium support please call: 800-290-4726 more ways to reach us
The defence budget will be increased from $20.75 billion to $25 billion, Sri Mulyani said. ... were put forward by the defence ministry. They considered them as a necessity given the condition of ...
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. [1]
They show that in the first half of 2023 alone, Russia spent 12%, or 600 billion roubles, more on defence than the 4.98 trillion roubles ($54 billion) it had originally targeted for 2023. Defence ...