- Defence spending in Budget 2023 was hiked by nearly 13% to ₹5.94 lakh crore.
- The modernisation budget for the armed forces was also increased – from ₹1.52 lakh crore to ₹1.62 lakh crore.
Budget 2023: Defence spending increased by 13% to ₹5.94 lakh crore

- Defence spending in Budget 2023 was hiked by nearly 13% to ₹5.94 lakh crore.
- The modernisation budget for the armed forces was also increased – from ₹1.52 lakh crore to ₹1.62 lakh crore.