Defence Expenditure on Serving Personnel Salaries & Pensioners is Rs 3,45,362 Crores
Indiaโs military spending of $76.6 billion ranked third highest in the world. This was up by 0.9 per cent from 2020 and by 33 per cent from 2012. In a push to strengthen the indigenous arms industry, 64 per cent of capital outlays in the military budget of 2021 were earmarked for acquisitions of domestically produced arms. … Read more