Despite the still sluggish economy and continued military pressure on the military
By multiple incursions by Chinese troops on the Ladakh border
The government has raised its defense allocation for the 2022-23 fiscal year (FY23) by less than 5 percent.
Revised estimates for FY22 and almost 10 percent over BE 2021-22.
The government has allocated $ 4.78 trillion for BE 2021-22. In the revised estimates for 2021-22, it was raised to Rs 5.02 trillion. In the FY23 budget, the government has allocated $ 5.25 trillion.