Keyword Analysis & Research: india defense budget 2020

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Frequently Asked Questions

How much did India spend on defence in 2020-21?

On 1 February 2020, the Finance Minister of India, Nirmala Sitharaman presented the budget. The allocation for defence during the fiscal year 2020-21 stood at ₹4,71,378 crores (US$65.86 Billion). This amounted to an increase of just under 7%. [citation needed] Spending (% of GDP)

What is the defence budget 2020?

Presenting her second and Narendra Modi Government’s seventh regular budget on February 1, 2020, Finance Minister Nirmala Sitharaman earmarked Rs. 4,71,378 crore (US$ 66.9 billion 1) for the Ministry of Defence (MoD), stating that national security is a top priority of the government.

What is included in the defence budget of India?

India's defence budget includes allocation for the three defence services, army, navy and air force. It also includes allocation for the ordnance factories, research and development, and capital outlay. Additionally there are civil defence expenditures such as pensions.

Why was there no mention of defence budget in budget 2017?

There was also no mention of the defence budget during the budget speech of Finance Minister Nirmala Sitharaman who was earlier the Defence Minister, indicating that the government has prioritised other sectors over defence. Without the pension, the defence budget is only 1.5 percent of the GDP.

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