The Defence Budget was 2.15 per cent of the GDP in 2015-16. It went down to 1.65 per cent of the GDP in 2016-17 and 1.54 per cent in 2017-18, according to a written reply to the Lok Sabha by Minister of State for Defence Subhash Bhamre.
However, the total Budget, including the Revenue and Capital Budget, was Rs 2,46,727 crore in 2015-16 and increased to Rs 2,49,099 crore in 2016-17 and further to Rs 2,59,261 in 2017-18.
"It may be seen from the above figures that Defence Expenditure as a percentage of the GDP may appear to be decreasing due to increasing trend in growth of GDP. However, Defence Expenditure is increasing every year in absolute terms," the Minister said.
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