The coal and railway ministries shall be allocated Rs 6.22 lakh crore to the Defense Ministry, and the foreign exchange cost of this change is estimated to be 4.
Seventy-eight percent more than that of last year and eight percent more than the projector number.
Finance Minister Nirmala Sitharaman on Tuesday allocated Rs 6,21,940 crore for the Defense Ministry in the Union Budget 2024-25, which is a 4.
earning it 79 percent more than the previous financial year’s demand on the occasion. The share of the expenditure on the Defense Ministry is greater than on any other Ministry.
The Budget will assist in progressing towards a ‘Viksit Bharat,’ a developed and self-reliant India, warned Defense Minister Rajnath Singh on Tuesday.
corresponding to the budget, one focal sector is to build ‘Aatmanirbharta’ in defense technology and manufacturing, offering the armed force modern hardware, and to also provide employment opportunities for the youth.
The allocation for capital expenditures in relation to the defense forces is put at Rs 1.72 lakh crore. The breakup of the organizations in the defense sector gets almost 13 percent of the total budget.
The primary aim of integrating the defense startup ecosystem is to provide an allocation of Rs 518 crore in the Acing Development of Innovative Technologies with index (ADITI) so as to foster and support the important role of technology solutions that originate from the startup segment and the MSME marketplace.
Strengthening Domestic Capability
About Rs 1,05,518 crore is to be purchased using the modernization budget of this fiscal, and 75 percent of it, that is, Rs 79,122 crore, is to be procured through domestic industries.
