India Defence Budget Analysis 2023-24
Defence spending is one of the largest line items in India's budget, covering military salaries, equipment procurement, and modernisation. The balance between revenue (operational) and capital (acquisition) expenditure reveals defence preparedness strategy.
Defence Spending — 2023-24
6.14 lakh crore
Rs 6.14 lakh crore
Previous Year (2022-23)
5.35 lakh crore
Year-over-Year Change
+14.8%
Defence Spending — 5-Year Trend
| Year | Defence Budget | Revenue (Operational) | Capital (Acquisition) |
|---|---|---|---|
| 2019-20 | Rs 4.19 lakh crore | Rs 3.05 lakh crore | Rs 1.14 lakh crore |
| 2020-21 | Rs 4.49 lakh crore | Rs 3.32 lakh crore | Rs 1.17 lakh crore |
| 2021-22 | Rs 4.69 lakh crore | Rs 3.46 lakh crore | Rs 1.22 lakh crore |
| 2022-23 | Rs 5.35 lakh crore | Rs 3.95 lakh crore | Rs 1.4 lakh crore |
| 2023-24 | Rs 6.14 lakh crore | Rs 4.54 lakh crore | Rs 1.6 lakh crore |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2023-24
Total Expenditure
43.15 lakh crore
Total Receipts
26.61 lakh crore
Capital Expenditure
9.49 lakh crore
Tax Revenue
21.53 lakh crore
Fiscal Deficit
5.6% of GDP
Interest Payments
10.85 lakh crore