Complete Analysis of Indian Defence Budget 2023-24 #indianarmy #indianairforce #indiannavy #drdo

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Modest increase in defence budget

The Union Budget for the Financial Year 2023-24 envisages a total outlay of Rs. 45 Lakh Crore or $540 billion Dollars. Of this, Ministry of Defence has been allocated a total Budget of Rs 5.94 Lakh Crore or $71.28 billion, which is 13.18 % of the total GoI Budget.

The 2023/24 defence budget has also seen increase of approx. 13%– from 5.25 lakh crores (or $63 Billions) in 2022/23 to 5.94 lakh crore ($71.28 Billions).  Defence ministry has got highest allocation among all the ministries, followed by Ministry of Road Transport & highway and Ministry of Railway.

Capital Expenditures: 27% of Defence Budget

The most important part of the budget is the capital expenditure which is used by armed forces to purchase new weapons such as tanks, fighter jets, warship etc.

Approximate 27% of the total Defence Budget has been allocated for Capital Expenditure. The fund allocated for the capital expenditure is $19.44 billion or Rs 1.62 Lakh Crore. Compared to last year, the capital acquisition has been increased by approx. 6.5%.

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Music: Eternal Garden - Dan Henig

[jeetbhattacherjee]

The latest report on ladakh shows how indian army is playing safe.. They are not ready to take on china..

[simhadridebnath]

Superb analysis.
Much better than the print 😜

[ashokkandimalla]

Excellent and to the point analysis that is your signature style. Nice that you put figures in USD as well as it allows a comparison with other nations. Around 2 to 2.5% GDP allocated for defense is a must for us or else we will find ourselves unprepared like Germany, found out one day!

Two questions.

1. I presume ammo is a part of the revenue expenditure. How much is it and how does it compare with the previous years. We read that even superpowers run out of ammo!!

2. There is an increase of 6.5% for capex. Is that number with or without inflation. If it is the later, isn't it too less?


Your comments please.

[jackmist]

Superb short yet detailed
With all facts and comparison....
Good work .... thanks
Jai hind 🇮🇳❤🚩🙏

[karthigeyanr]

Well done for your detailed analysis for defence from overall union budget. I am glad to see you put out figures in Indian currencies model like lakh and crores instead of usa billion figures . This will help Indian viewers a lot to understand the figures more easily .

[Somit]

We should keep increasing Defence Budget by 10-12% every year. by 2030 it’ll almost be doubled.

[Terrorstar-gbp]

Why are we increasing pension, shouldn't that money be used it buying more arms and ammunition

[abhishek]

Deal toh koi sign hoti nahi hai..sirf emergency deal se thode weapons le lete hain....total farzi capital budget hai