Defence spending cut in real terms; it is down to 1.65 per cent of GDP, lowest since 1962

By Ajai Shukla Business Standard, 1st March 2016 Defence allocations: 2016-17 (In rupees crore; one crore = ten million) 2014-15 (Actual) 2015-16 (BE) 2015-16 (RE) 2016-17 (BE) Revenue budget Salaries          (a)  Army * 67576 73068

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