Defence allocation sees moderate rise, IAF gets largest capital boost

Notwithstanding a still sluggish economy, and sustained military pressure on the Army from multiple intrusions by Chinese troops on the border in Ladakh, the government has raised defence allocations for financial year 2022-23 (FY23) by less than 5 per cent, compared to the Revised Estimates for FY22 and by almost 10 per cent over BE 2021-22.

The government had allocated Rs 4.78 trillion for BE 2021-22. In the Revised Estimates for 2021-22, that was raised to Rs 5.02 trillion. In the Budget FY23, the government has allocated Rs 5.25 trillion.

While the 1.3-million-strong Army has been given the bulk of the revenue