Published Paper Details:

The Defence Budget for the fiscal year 2024-2025 reflects India's strategic priorities in strengthening its military capabilities amid evolving geopolitical challenges. The total allocation of INR6.81 trillion marks a 9.5% increase from the previous year, highlighting the government's commitment to national security. However, a significant portion of this budget is directed toward revenue expenditure, specifically salaries and pensions, which constitute over 50% of the total allocation. This raises concerns about the availability of funds for critical modernization efforts, including procurement of advanced weaponry, indigenous defence production, and research and development (R&D) in emerging technologies such as artificial intelligence (AI), cybersecurity, and space-based defence systems. This research paper provides an in-depth analysis of the 2024-2025 Defence Budget, examining the balance between capital and revenue expenditures. It explores the implications of these allocations on India's defence preparedness, operational efficiency, and long-term modernization goals. Comparisons with global defence spending patterns, particularly in China and the United States, offer insights into how India's expenditure aligns with international standards. The study also highlights key policy recommendations to optimize defence spending, such as enhancing private-sector participation in defence manufacturing under the "Atmanirbhar Bharat" initiative, restructuring manpower costs, and adopting cost-effective procurement strategies. By analyzing past trends, current allocations, and future projections, this paper aims to provide a comprehensive understanding of how India's Defence Budget 2024-2025 will impact national security, economic sustainability, and technological advancements in the defence sector. The findings contribute to discussions on policy reforms and strategic investments needed to ensure India remains competitive in an increasingly complex global security environment.