What is Defence Budget?
Historical Background
Key Points
9 points- 1.
Allocated annually through the Union Budget presented under Article 112 of the Constitution.
- 2.
Includes revenue expenditure (salaries, maintenance) and capital expenditure (new equipment, infrastructure).
- 3.
Significant portion dedicated to procurement of defence equipment from both domestic and foreign sources.
- 4.
Budget allocation is influenced by threat perception, strategic goals, and economic constraints.
- 5.
Focus on indigenization of defence production through initiatives like 'Make in India'.
- 6.
Defence budget impacts the economy through job creation, technology development, and industrial growth.
- 7.
Parliamentary oversight through the Standing Committee on Defence.
- 8.
Comptroller and Auditor General (CAG) audits defence expenditure to ensure accountability.
- 9.
India is among the top 5 defence spenders globally.
Visual Insights
Components and Influences of Defence Budget
A mind map illustrating the key components of the defence budget and the factors influencing its allocation.
Defence Budget
- ●Components
- ●Influencing Factors
- ●Legal Framework
- ●Recent Developments
Recent Developments
5 developmentsIncreased focus on domestic defence production to reduce import dependence.
Emphasis on modernization of armed forces with advanced technologies.
Allocation for research and development in defence sector increased.
Government initiatives to promote private sector participation in defence manufacturing.
Budgetary allocations are often reviewed and adjusted based on evolving security scenarios.