The military budget of the India is the portion of the overall budget of Union budget of India that is allocated for the funding of the Indian Armed Forces. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles.
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Union Minister for Finance, Arun Jaitley allocated Rs 2.47 lakh crore (equivalent to USD $40 bn) for the development in the army forces marking an raise of around 7 per cent from the last fiscal.
Union Minister for Finance, Arun Jaitley allocated Rs.2,74,114 crores including 86,488 crores for Defence capital in the 2017 Union budget of India.
Expenditure (% of GDP)
The above statistics was collected by World Bank up to 2013.
Capital acquisition
The above data was published by Institute for Defence Studies and Analyses.