Defence Budget 2023-24 Presented By

Analysis
VAISHNAVI
VIVEK
SHIKSHA
DIPANSHI
AARTI
JAID KAZI
PRIYAL
VIKAS PAL
SANDEEP

Under the Guidance of

Dr Amit Khare
 Presentation Outlines

1. Introduction

2. Rankings of India

3. Challenges

4. Budget Allocation

5. Trends of Budget Allocation

6. Conclusion
Ranking of India in Defence sector
India in global fire power ranking 2023

Third largest defense budget in the world

India is the 4th powerful country in the world
Worldwide ,Indian Army comes in 2nd place after China
Indian Airforce comes in 4th place after USA, Russia, China
Indian Navy comes in 7th place after USA ,Russia ,China
Indonesia, Republic of Korea , Japan
Challenges
Aggressive neighbour countries
Developing Infrastructure
Lack of indigenous defence production
Lack of growth in defence modernization
Lack of critical technology
High import dependency
High revenue expenditure
Increasing Proxy war
Allocation For Defence Sector

DEFENCE
87% BUDGET

13% OTHER BUDGET

 Defence Budget 2023-24

Ministry of defence 2023-2024 2022-2023 2021-2022

head Budget Budget Budget

Civil 45919.00 45183.00 40482.50

Revenue 277033.61 266984.15 236921.09

Pension 138205.00 119696.00 116873.37

 5.95 LAKH CRORE

INDIAN NAVY(52,804 CR.)

INDIAN ARMY (37.231 CR.)

INDIAN AIRFORCE (57,132 CR.)

DRDO (23,264 CR.) BRO (5,000 CR.)
 ARMY
The government committed to reducing imports and promoting
ATMANIRBHARTA in equipment for the Armed Forces.

India has introduced AGNIVEER scheme to give more strength to the

army.

Indian Army has got 37,231 cr. for the procurement of modern weapons
almost 15.6% increase from the last year budget.
 AIR FORCE
Total allocation of Rs 57,132 cr.
(3.6% more then last year Rs 55,586 cr)

The Indian Air Force has got 3 squadrons of 4.5 generation

Rafale fighter jet.

Indigenous LCH helicopter giving strength to Indian air force in high

terrain areas
Indian Navy

Allocated Rs 52,804 cr in this year.

It has got its first indigenous Aircraft carrier last year.
Navy also got 2 destroyers and scorpene-class submarine in
addition to this navy also got US-build MH-60R Helicopter.
By using this budget Indian navy will procure fighter jets
for their aircraft carriers.
लेकिन
Border Road Organisation
budget increased by 43% to

5000 cr.
 Allocation and Trends of Defence Budget over last 10
years

 Grown at an annualised average rate of 9% over the last 10 years.

 Current year increase is 13% i.e. 4% more than the average.

 Overall our budget constitutes 8% of total budget.

 Defence expenditure as a part of total GDP fell from 2.3% in 2013 to 2% in

2022-23.

 In last decade percentage of total govt expenditure fell from 16.4% to 13.3% .
 Strengthen R&D

 Prioritization given to domestic defence

industry

 This budget comes against the backdrop

of multiple security developments

 Gives dynamic impression to secure

India

 Push for defence industrialization