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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$66 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.
Some princely states maintained their own armies which formed the Imperial Service Troops which, along with the Indian Army formed the land component of the Armed Forces of the Crown of India, responsible for the defence of the Indian Empire. [4] [5] The Imperial Service Troops were merged into the Indian Army after independence.
A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.
The 6 CPC found that Indian Para Military Forces, called Central Armed Police Forces—CAPFs, which has a total strength of about 9,00,000 (2014), and defence civilians in Ministry of Defence, which had a strength of 4,00,000 [2014], have a combined annual intake of around 35,000 personnel; in comparison Armed Forces personnel (Army, Air Force ...
The Indian Navy (IN), which is the naval warfare branch of the Indian Armed Forces, has approximately 135+ warships on active commission. [1]By forethought, the IN's Maritime Capability Perspective Plan (MCPP) for the period 2012-2027 had set the objective of the service becoming a 200-ship fleet by 2035; however, that number has since been reduced to 175 in December 2019 - principally owing ...