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Indian Budget 2006-07 on Defence Sector


Union Budget of India - Defence Sector
India Budget 2007-08

February 28, 2006
Defence Sector
  • An increase of 7.2 per cent, allocating a whopping Rs 89,000 crore for the fiscal year 2006-07.
  • Of this, Rs 37,458 crore or 42 per cent of the total outlay has been earmarked for new arms purchases.
  • Allocation for defence increased from Rs 83,000 crore in the current fiscal in view of the enhanced expenditure on the modernisation of the armed forces.
  • India is in the market for a wide array of sophisticated hardware, including 126 combat jets and 80 helicopters, to modernise the ageing military arsenal, and some deals are expected to be finalised in the next fiscal.




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