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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 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 total budget sanctioned for the Indian military for the financial year 2021 is ₹ 4.78 lakh crore (equivalent to ₹ 5.6 trillion or US$65 billion in 2023). [3] [4] It has the third largest annual defence budget behind USA (US$732 billion) and China (US$261 billion). It is the second largest defence importer behind Saudi Arabia making up 9 ...
Indian Armed Forces during Bharat Shakti military exercise. The headquarters of the Indian Armed Forces is in New Delhi, the capital city of India. The President of India serves as the formal Supreme Commander of the Indian Armed Forces, [65] while actual control lies with the executive headed by the Prime Minister of India.
The government strongly backs the Combat Air Teaming System initiative as part of the Make in India programme, which encourages Indian defence manufacturers to focus on core research and development projects towards the next-generation requirements of India's armed forces.
The Defence Planning Committee was notified by the Ministry of Defence (MoD) in April 2018, the National Security Adviser (NSA) was appointed as the chairperson of the committee, with the chairperson, Foreign Secretary, Defence Secretary, Chief of Defence Staff, Chief of the Army Staff, Chief of the Air Staff, Chief of the Naval Staff, and expenditure secretaries of Ministry of Finance being ...
Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country's ability to fund military activities. [1]
The newspaper says it has "stoked controversy" and become a cause of growing resentment among armed forces officers, "at a time when the armed forces and the ministry have divergent views on the 7th Pay Commission report and the OROP". [78] "We have been stabbed in the back", a senior officer told the Hindustan Times. Serving officer in the ...