India's Defence Budget 2023: 13% more than last year, pensions & salaries almost 50% of funds pie

#Defenscope
India's Defence Budget for 2023-24 increased by 12.95% from last year's allocation of Rs 5.25 Lakh crore to Rs 5.93 Lakh crore. But salaries & pensions account for almost 50% of it. Watch ThePrint Deputy Editor Snehesh Alex Philp explain the major takeaways.
---------------------------------------------------------------------------------------------
Join our channel to get access to perks. Click 'JOIN' or follow the link below:
---------------------------------------------------------------------------------------------
Connect with ThePrint

[agonnoga]

In an era where wars are fought with technology, we are still stuck in an era of foot soldiers leading to pensions and medical for pensioners almost half of the defense budget.
If you reduce military to another MNREGA scheme can it be an effective fighting force?
We need to focus more on short service officers and soldiers and military is the job for young people not middle-aged people.

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[saptarsi]

happy that defence budget has gone up but be it this government or any other government all lack focus on education. Education budget has only increased from 2.8% to 2.9%. Why so less focus on education

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[mihirchitnis]

People should not make such a hugh and cry about the pension and salaries. Almost all of that money is circulated back to the economy via the goods and services which the soldiers will avail. It can be Education of their children, Housing, Transportation, FMCG goods etc.

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[wisdomhighschool]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[libshastra]

IAF got shafted thanks to it’s incompetence. Look at the hype around MRFA, all talk, no action. They didn’t even bother to get AoN from CCS.

Except for Navy and some Army Corps, the Uniformed establishment are really incompetent.

[AB-bykv]

It is an alarming situation where enormous amount is spent on pension.Agniveer is a welcome policy although some hooligans will point against scheme.
We need to undestand the selfish motive of those people having hue and cry against agnipath.

[sleepingduty]

Let me tell you something Snehesh,
you've lost some weight,
you look great
and of course,
you always have great take.
I guess I've achieved Ramdas Athwale-level poetry.

[manoshinandy]

Now people will come and talk about pensions and salary of defence personnels

[vivekanandholla]

Thank you for the information...It will help me in reading up further

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research

[nomulahemanth]

Big Mistakes-India's Nominal GDP is ₹ 273 Lakh Crore(Economic survey and $ 3.46 Trillion USD from IMF fig.) and not ₹ 157 lakh crore, and Defence only takes up 2.3% of GDP and not 3.6% of GDP becoz Our Infrastructure Budget is ₹ 10 Lakh Crores which is Around 3.4% of GDP and how ₹5.93 lakh crore amount for 3.6% of GDP, It is becoz Your GDP figure is Outright Wrong, Mentioning the entire GDP Wrong is not Good Research