Military Budget
As a ratio of the projected GDP for FY 2015-16, India’s defence expenditure is pegged at 1.74 per cent vis-a-vis 1.76 per cent in 2014-15. Of the total allocation for defense for 2015, the army will get Rs 1,04,158.95 crore, the navy Rs 15,525.64 crore, the air force Rs 23,000.09...