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Defence spending at ₹6.21L-cr as govt outlines new deep tech plan
Hindustan Times
|February 02, 2024
India on Thursday set aside ₹6.21 lakh crore for defence spending in the interim budget for 2024-25, with the defence ministry saying that the critical sector continues to receive the highest allocation among all ministries.
The allocation is 4.72% more than what it was in financial year 2023-24, the ministry said in a statement. To be sure, the defence budget is 4.72% higher than what it was in the budget estimates for 2023-24 but marginally lower (0.37%) than last year's revised estimates, budget documents show.
In her budget speech, finance minister Nirmala Sitharaman also announced a new scheme to strengthen deep tech in the defence sector.
This year's defence budget accounts for 1.89% of the country's projected gross domestic product (GDP) for 2024-25.
Denne historien er fra February 02, 2024-utgaven av Hindustan Times.
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