2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3%
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4%
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5%
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6%
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Detailed explanation-1: -The Union Budget 2022-23 envisages a total outlay of Rs 39.45 lakh crore. Out of this, Ministry of Defence has been allocated a total budget of Rs 5.25 lakh crore, which is 13.31% of the total budget.
Detailed explanation-2: -India’s defence budget is about 13% of central government’s total expenditure. That’s roughly 2.9% of India’s GDP.
Detailed explanation-3: -The United States was the top nation in terms of military expenditure, spending $801 billion to make up almost 38% of global military spending in 2021. America has been the top military spending nation since SIPRI began tracking in 1949, making up more than 30% of the world’s military spending for the last two decades.
Detailed explanation-4: -U.S. military spending/defense budget for 2019 was $734.34B, a 7.6% increase from 2018.