Union Budget 2024-25: No major shift in defence sector's allocation

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Union Budget 2024-25: No major shift in defence sector's allocation - Business Standard

Quick Summary:

A significant feature of the Budget is the increased funding for the Agniveer scheme.

Capital allocations remain static at current levels, with the Army getting Rs 33,411 crore, the Navy getting Rs 51,052 crore, and the Air Force getting the largest hike of Rs 58,112 crore.

It remains to be seen how the current allocation fares as a percentage of government defence spending during the year.