Page 6 - Defence Budget

Budget 2019: Govt allots Rs 4.3 trn for defence, down to nearly 2% of GDP

Defence spending is falling in percentage terms even though all military purchases are now subject to GST

Navy and Air Force modernise, Army remains mired in high personnel costs

Budget allocations barely diverge from a simple formula: Give the army 60 per cent, the air force 24 per cent and the remaining 16 per cent to the navy

Defence modernisation budget rises just 5% each year in real terms

With customs duties imposed on defence in 2016 and GST in 2017, capex has fallen even more

Reform defence budgeting

Both allocations as well as expenditure flows need attention

India's gross defence budget expected to reach $112 bn by FY27: Report

The report pointed out that the country's capital expenditure for defence procurement is expected to exceed $250 bn over the next 10 years, primarily to replace the Soviet-era vintage equipment

Defence modernisation hurdles: If Budget is to blame, so is Army leadership

While the govt needs to be condemned for its lackadaisical treatment of defence, army leadership cannot escape the blame either

India's defence budget makes its way to world's top 5, overtakes UK: Report

India continues to modernise its military capabilities, though China still remains a challenge with the world's second-largest defence budget

India is world's fifth largest military spender, US tops list

China is second on the list spending $215 billion, an increase of 5.4 per cent

Defence budget inadequate, allocation should go up: Council

Report said the allocation has gone down from 2.36% of the GDP in FY01 to 1.56% in FY18

India eyes to cut defence budget by 50% within a decade: Subhash R Bhamre

Defence industry has the potential to become a huge foreign exchange earner, claims Bhamre