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Budget 2024:Could the Defence Outlay Be Bumped Up?| Which Stocks Stand to Benefit With Govt's Push?
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There may be a slight increase in the outlay, potentially up to Rs 1.9 lakh crore, or even Rs 2 lakh crore in the full year budget for the defence sector. Currently, defence spending, as a percentage of GDP, is around 1.9 to 2%. But the industry has long advocated for increasing the capital expenditure to 3-4%, or even 5%, to accelerate modernization.
#budget2024 #budgetwithmc #defencenews #budgetallocation #capex #army #navy #airforce
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#budget2024 #budgetwithmc #defencenews #budgetallocation #capex #army #navy #airforce
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
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