The union government allocated Rs 3.37 lakh crore as the defence budget for 2020-21, which is a hike of only 5.8 percent over the allocation for this sector for the current financial year.
About:
As part of the Rs 3.37 lakh crore (excluding pension) allocated for defence for 2020-21, Rs 1.18 lakh crore is the capital outlay and Rs 2.18 lakh crore is the revenue head. Separately Rs 1.33 lakh crore is the allocation for pensions.
Without the pension, the defence budget is only 1.5 percent of the GDP.
The disappointing part is that there has been a very marginal increase in the capital outlay for defence for 2020-21 as compared to the budget estimates and revised estimates for 2019-20.
The bare minimum increase in capital outlay will drastically affect several major acquisitions of the army, navy and air force.
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