The Indian Ministry of Defence received a historic boost in the 2024-25 interim budget, with an allocation of a whopping ₹6.21 lakh crore. This marks a 4.72% increase compared to the previous year, solidifying its position as the highest budgetary allocation for defence in India’s history. This significant investment underscores the government’s unwavering commitment to bolstering national security and defence preparedness.
A substantial chunk of the budget, ₹1.72 lakh crore (27.67%), is earmarked for capital acquisition. This prioritizes the crucial task of equipping the armed forces with cutting-edge weaponry and technology. This infusion will likely fuel the procurement of advanced fighter jets, warships, submarines, and other critical military hardware, propelling India’s military modernization drive forward.
Recognizing the importance of a well-supported armed force, the budget allocates ₹92,088 crore for revenue expenditure (excluding salaries). This allocation ensures the smooth functioning of the forces, covering essential expenses like operational costs, maintenance, and training. Additionally, the budget acknowledges the vital role of veterans by allocating ₹1.41 lakh crore for defence pensions, ensuring their continued well-being.
Understanding the importance of safeguarding its frontiers, the government has earmarked ₹6,500 crore to strengthen border infrastructure. This investment will likely be directed towards fortifying existing defences, bolstering surveillance capabilities, and enhancing troop deployment along sensitive borders.
Recognizing the Indian Coast Guard’s pivotal role in maritime security, the budget allocates ₹7,651.80 crore. This allocation will likely be used to enhance patrolling capabilities, strengthen coastal defences, and modernize the Coast Guard’s fleet, enabling them to effectively safeguard India’s maritime interests.
The budget acknowledges the crucial role of indigenous defence research and development by allocating ₹23,855 crore to the Defence Research and Development Organisation (DRDO). This increased funding will likely fuel ongoing research and development projects aimed at creating advanced domestic defence technologies, reducing dependence on imports, and propelling India towards self-reliance in the defence sector.
The interim budget’s focus on defence reflects the government’s multi-pronged approach to strengthening India’s security posture. By investing in modernization, infrastructure, personnel well-being, and indigenous innovation, the government aims to equip the armed forces with the capabilities they need to safeguard the nation’s interests in an increasingly complex geopolitical landscape.
