NEW DELHI: Finance minister Nirmala Sitharaman in the Union Budget for 2025 allocated Rs 6.81 lakh crore to the defence sector, marking a marginal increase from the Rs 6.2 lakh crore assigned in the current fiscal year.Of the total allocation, Rs 4.88 lakh crore has been earmarked for revenue expenditure, covering salaries, operational costs, and…
This is an AI-generated image (Picture credit: Lexica AI) India’s defence sector in 2024 showcased significant progress in achieving self-reliance and gaining global recognition. With record-breaking indigenous defence production and exports, the nation transitioned from an importer to a key player in the global defence market. India commissioned new ships for its navy and added…
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