DEFENCE BUDGET FOR 2024-25 HAS TO TAKE INTO ACCOUNT FRESH GEO-POLITICAL CHALLENGES
HIGH TECHNOLOGY AND MODERNISATION HAVE ASSUMED SPECIAL IMPORTANCE IN FUNDING
2024-01-22 16:17
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On February 1, Union Finance Minister Nirmala Sitharaman will be presenting not the final Union Budget, but an interim one, since the Lok Sabha elections in the country are scheduled to be held in April/ May this year. Sitharaman was unequivocal that there will be no ‘big announcements’ this time around, meaning that this year’s Budget will be passed only as an end to meet expenses until the financial year. The allocation for the defence sector in Budget 2024-’25 could take a hit because of the elections. This could impact India’s deterrence posture.