Monday, March 27th, 2023 23:13:55

India’s defence budget 13 times more than Pakistan’s

Updated: February 2, 2023 2:36 pm

Union Finance Minister Nirmal Sitharaman presented the Union Budget in Parliament on Wednesday. This time the government has increased the defence budget by 13 per cent to Rs 5.94 lakh crore. Out of this, Rs 1.62 lakh crore will be spent on modernization of the army. In this budget, it has been said to spend 2.7 lakh crore on revenue expenditure and 1.38 lakh crore on pension. This year’s defence budget is 2 per cent of the country’s GDP. And it is 13 per cent of the total budget.

This year’s capital outlay is also 6 per cent more than last year. This will lead to the purchase of helicopters, warships, missiles, land systems and artillery guns. This will help in modernization of the army and providing new defence equipment. The increase in outlay will help in domestic cooperation, technological development and skill development in the defence sector. India Thales Country Director Ashish Saraf said that India is emerging as a global manufacturing hub.

Many experts believe that in the form of a capital head, the government can spend more in the defence sector. The revised estimate shows that Rs 2,369 crore of the capital outlay of the previous year was not spent. Last year, the Defence Ministry had spent Rs 1.53 lakh crore on pension. The government’s expenditure on One Rank One Pension Scheme is also going to increase. The government has also increased the defence budget for the development of border areas. The BRO budget has been increased by 43 per cent.

It is noteworthy that India’s defence budget is 13 times more than Pakistan’s defence budget. At the same time, China’s defence budget is three times more than that of India. China shares borders with 17 countries, whereas Pakistan is surrounded by four countries. Talking about India, seven countries share borders with India. Although there is a situation of tension with Pakistan and China. Last year China’s defence budget was 19 lakh crores and Pakistan’s 61 thousand crores.

Posted By Uday India

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