Over the last decade, from 2009-10 to 2017-18, the defence allocation as a percentage of GDP has declined from 2.19 to 1.65 percent. In the last budget presented in February 2017, the Finance Minister allocated Rs 2,42,403 crore for defence in the fiscal 2017-18. With the pension amount added, this total went up to Rs 3,59,854 crore for defence alone. However, many anomalies abound as far as the Indian security profile is concerned. The twin focus will be on 'Make in India' and redressing inventory gaps.

Source: Economic Times February 02, 2018 05:37 UTC