WORLD India raises defence capital budget by 19 percent

WORLD

India raises defence capital budget by 19 percent

Xinhua

20:44, February 01, 2021

NEW DELHI, Feb. 1 (Xinhua) -- India has raised its capital expenditure on defence by nearly 19 percent to 135,060 crore Indian Rupees (around 18.5 billion U.S. dollars) in the government's budgetary proposals for the financial year 2021-22 (April 2021-March 2022).

Indian Defense Minister Rajnath Singh flies an Indian Air Force light combat aircraft, the Tejas, in Bangalore, India, Sept. 19, 2019. (Photo: Xinhua)

The country's total defence budget, including payments of salaries and pensions to the defence personnel, for the next financial year is 478,195 crore Indian Rupees (65.4 billion U.S. dollars), according to Finance Minister Nirmala Sitharaman who presented the budgetary proposal for the next year in parliament on Monday.

The total defence budget will be used in defence procurements, modernisation of armed forces, production establishments, maintenance, as well as research and development organisations.

Defence Minister Rajnath Singh said it was the highest ever increase in capital outlay for defence in 15 years.

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