Defence Ministry has been allocated Rs 1.52 lakh... ... Union Budget 2022: Co-operative surcharge to be reduced from 12% to 7% says FM

Defence Ministry has been allocated Rs 1.52 lakh cr this yr for capital acquisition for modernisation of Armed forces. Of this, 68% has been earmarked for procurement from domestic sources. Allocation is around 13% higher than last yr’s allocation of Rs 1.35 lakh cr