Indian Defence gets 7.81% more fund in FY2018-2019

Indian gov. allocated an increased defence budget of  ₹2.95 lakh crore for FY 2018-2019, which is 7.81% more than the last year's ₹2.74 lakh crore. ₹1.85 lakh crore is going to be allocated to revenue expenditures which comprise salaries, training, and general services. The amount of around ₹93 thousand crores, allocated for capital expenditure, includes modernization related expenses. And ₹16 thousand crores are estimated for miscellaneous expenses. In terms of GDP, this amount is 1.57%, the lowest since Indo-China war of 1962.readmore@Economic Times