In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.

In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.

In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.

In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.

In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.

In nominal terms, India's defence budget is forecast to rise quickly over the coming decade. (Janes Defence Budgets)

India has announced a 2022–23 defence budget of INR5.25 trillion (USD70.2 billion), an increase of almost 10% over the initial allocation in 2021–22.

The allocation is equal to about 13% of the government's total expenditure for the year, said the Ministry of Defence (MoD) on 1 February.

It added that the expenditure reflects the government's emphasis on the “modernisation and infrastructure development” of the Indian Armed Forces.

The announcement also revealed in-year revisions made to the 2021–22 budget, which resulted in a rise of 4.2% from that year's initial figure.

These revisions took total spending in 2021–22 to INR4.98 trillion and meant that instead of the originally announced nominal contraction of 1.3%, spending last year in fact grew by 2.8% before the effects of inflation.

Compared with this updated figure for 2021–22, the expansion planned in the 2022–23 budget is significantly smaller, at 5.4%, but represents an acceleration from the previous year's rate.