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India Insights

Detailed Analysis of The Defence Budget 2018-19

This year Rs 4,04,365 crore allocated for the Ministry of Defence (MoD) out of which Rs 2,79,305 crore is earmarked for India’s defence budget and the balance was distributed between MoD (Miscellaneous) (Rs 16,206 crore) and Defence Pensions (Rs 1,08,853 crore). The growth in the defence budget and in the MoD’s overall allocation has been driven […]