In an unprecedented move, the Union Budget 2024-25 has allocated a staggering Rs 6.22 lakh crore to the Ministry of Defence (MoD), marking a 4.79% increase from the previous fiscal year. This substantial budget underscores the government’s commitment to enhancing national security and promoting self-reliance in defence technology.
Major Investments in Modernization and Innovation
A significant portion of the budget, Rs 1.72 lakh crore, is earmarked for capital acquisitions, with a focus on advanced unmanned aerial vehicles, drones, and specialized military vehicles. This allocation, which is 20.33% higher than the actual expenditure of FY 2022-23, aims to address critical capability gaps and equip the armed forces with state-of-the-art technology.
In addition, Rs 7,651 crore has been dedicated to enhancing coastal security, including the procurement of fast patrol vehicles and interceptors to counter emerging maritime threats.
Strengthening Border Infrastructure and Operational Readiness
The government has allocated Rs 6,500 crore for the development of border roads, a 30% increase from the previous fiscal year. This investment is crucial for improving strategic connectivity and infrastructure in remote border areas, with projects like the Nyoma Airfield in Ladakh and the Shinku La tunnel in Himachal Pradesh receiving priority funding.
To ensure the armed forces remain combat-ready, Rs 92,088 crore has been set aside for sustenance and operational readiness, representing a 48% increase from FY 2022-23. This will support the maintenance of critical platforms, procurement of ammunition, and mobility of resources and personnel.
Boosting Domestic Defence Manufacturing
The budget has a strong emphasis on promoting indigenous defence production. The iDEX (Innovations for Defence Excellence) program received a significant boost, with its allocation increased from Rs 115 crore to Rs 518 crore. This initiative supports start-ups and MSMEs in developing innovative defence technologies.
Moreover, 75% of the modernization budget, amounting to Rs 1.05 lakh crore, is reserved for procurement from domestic industries. This move is expected to stimulate economic growth, create jobs, and enhance the GDP.
Enhancing Veteran Healthcare and Defence Pensions
Recognizing the sacrifices of veterans, the government has increased the Defence Pension Budget to Rs 1.41 lakh crore, a 2.17% rise from the previous year. Additionally, Rs 6,968 crore has been allocated to the Ex-Servicemen Contributory Health Scheme (ECHS), ensuring better healthcare facilities for veterans and their dependents.
Research and Development Focus
The Defence Research and Development Organisation (DRDO) will receive Rs 23,855 crore, with a significant portion allocated for capital expenditure. This investment will drive new technological advancements and support collaborations with private sectors and academia.
Raksha Mantri’s Vision for a Self-Reliant India
Raksha Mantri Rajnath Singh hailed the budget as a transformative step towards building a prosperous and self-reliant India. He emphasized that the increased capital outlay will not only strengthen the armed forces but also provide a substantial push to the ‘Aatmanirbharta’ (self-reliance) initiative in defence.
The Union Budget 2024-25 is poised to significantly enhance India’s defence capabilities, foster innovation, and promote domestic manufacturing, paving the way for a secure and self-reliant nation.
