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New Defence_Budget_2023-1.pptx
- 1. VAISHNAVI VIVEK SHIKSHA DIPANSHI AARTI JAID KAZI PRIYAL VIKAS PAL SANDEEP Defence Budget 2023-24 Analysis
- 2. 1. Introduction 2. Rankings of India 3. Challenges 4. Budget Allocation 5. Trends of Budget Allocation 6. Conclusion
- 3. 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
- 4. 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
- 5. 13% 87% Allocation For Defence Sector DEFENCE BUDGET OTHER BUDGET
- 8. Ministry of defence head 2023-2024 Budget 2022-2023 Budget 2021-2022 Budget Civil 45919.00 45183.00 40482.50 Revenue 277033.61 266984.15 236921.09 Pension 138205.00 119696.00 116873.37 Defence Budget 2023-24
- 9. 5.95 LAKH CRORE INDIAN ARMY (37.231 CR.) INDIAN AIRFORCE (57,132 CR.) INDIAN NAVY(52,804 CR.) DRDO (23,264 CR.) BRO (5,000 CR.)
- 10. 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.
- 11. 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
- 12. 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.
- 13. लेकिन
- 14. Border Road Organisation budget increased by 43% to 5000 cr.
- 15. 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% .
- 16. 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