Defence Budget 2021: Defence Allocation Increased to Rs 4.78 Lakh Crore With 18.75% Hike in Capital Outlay

Union Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021 in the Lok Sabha. A significant push has been given to the defence sector. Defence allocation in the budget has been increased to Rs 4,78,195.62 crore for the Financial Year 2021-22.