<span style="color: #222222;">Defence Ministry has been allocated 5.94 lakh crore rupees in Budget 2023-24. This is 13.18 percent of the total budget, a jump of 13 percent over the previous year.<br />''<br />''This includes an amount of over one lakh 38 thousand crores for Defence Pensions.<br />''<br />''Capital outlay pertaining to modernisation and infrastructure development has been increased to 1.62 lakh crore rupees.<br />''<br />''This is a 57 percent rise since 2019-20.<br />''<br />''Defence Minister Rajnath Singh termed Union Budget 2023-24 as growth-oriented. He said it will help in achieving the Government's goal of making India a 5 trillion dollar economy within a few years.</span><br />