Defence Budget 2023

Ukraine's parliament approved a state budget for next year on Thursday, aiming to strengthen its army and defences as Kyiv battles Russia in a 20-month-old war that has no end in sight.

Defence Minister Rajnath Singh said on Wednesday that a new era of self-reliance in India's defence sector is being paved, in which the country will move forward strongly on the path of progress with new energy, determination and enthusiasm.

India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

President Droupadi Murmu today lauded India's indigenous defence manufacturing and said that the country's defence exports have increased manifold due to the initiatives of the government.

The government is expected to earmark a significant portion of the budget for boosting defence and continue its push for indigenization.

Ukraine's parliament approved a state budget for next year on Thursday, aiming to strengthen its army and defences as Kyiv battles Russia in a 20-month-old war that has no end in sight.

Defence Minister Rajnath Singh said on Wednesday that a new era of self-reliance in India's defence sector is being paved, in which the country will move forward strongly on the path of progress with new energy, determination and enthusiasm.

India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.

The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

President Droupadi Murmu today lauded India's indigenous defence manufacturing and said that the country's defence exports have increased manifold due to the initiatives of the government.

The government is expected to earmark a significant portion of the budget for boosting defence and continue its push for indigenization.