Defence Minister Rajnath Singh thanked Finance Minister Nirmala Sitharaman for giving the defence sector the highest allocation in the Union allocation for FY 2024-25. Rajnath Singh announced the budget allocation and its implications on India’s defence capability in a series of X postings.
Defence Sector Record Allocation
Rajnath Singh congratulated Nirmala Sitharaman for allocating ₹6,21,940.85 Crore to the Ministry of Defence, representing 12.9% of the Government of India’s FY 2024-25 budget. Rajnath Singh stated in his X post that the ₹1,72,000 Crore capital spending will considerably improve the Armed Forces’ capability.
The Defence Minister emphasized the allocation of ₹1,05,518.43 Crore for domestic capital procurement, bolstering the Atmanirbharta project. Rajnath Singh commended Nirmala Sitharaman for her foresight in allocating a large amount of the budget to local defense manufacture and minimizing foreign supplier dependence.
Improved Border Infrastructure
Mr. Singh emphasized the 30% increase in Border Roads funding over the previous budget. The funding of ₹6,500 Crore to the Border Roads Organisation (BRO) will accelerate border infrastructure development, vital for national security. Rajnath Singh praised Nirmala Sitharaman’s efforts to strengthen Indian defences, especially in vulnerable border areas.
Supporting Defence Startups and Innovation
The Defence Minister announced a ₹518 Crore funding for the iDEX project, aimed at enhancing the defense startup ecosystem. Startups, MSMEs, and inventors will receive money to develop defensive technology and self-reliance. Rajnath Singh praised Nirmala Sitharaman’s strategic approach for developing indigenous technology.
In another post, Rajnath Singh praised Nirmala Sitharaman’s FY 2024-25 full-year budget. He said the budget will assist create a wealthy and self-sufficient ‘Viksit Bharat’ Rajnath Singh thinks this budget will accelerate India’s economic revolution, inspired by Narendra Modi’s inclusive and fast-paced development.
Focus on Inclusive Development
The Union Budget’s unique strategy and clear focus on nine inclusive development themes impressed Rajnath Singh. He said the budget will help India become a $5 trillion economy by 2027. Rajnath Singh thanked Nirmala Sitharaman for creating a budget that addresses current and long-term requirements.
The Union Budget 2024-25’s largest defence allocation shows the government’s dedication to national security and self-reliance. Rajnath Singh’s thanks to Nirmala Sitharaman emphasizes this budget’s strategic importance. Rajnath Singh and Nirmala Sitharaman’s partnership will shape India’s future as it strengthens its defence infrastructure and manufacturing capabilities.
