Defence Ministry increased defence capital outlay by 18.75 pc, highest in 15 years: Rajnath Singh

Oct 25, 2021

New Delhi, Oct 25 (ANI): Union Defence Minister Rajnath Singh on October 25 said that the Defence Ministry has increased the defence capital outlay in the annual budget of 2021-22 by 18.75 per cent, which is the highest ever increment in the last 15 years. “It is because of collaborative efforts of entities from all over world that our defence exports have grown by 334 per cent in last 5 years and now India is exporting to more than 75 nations. Our export performance is strong indicator of quality and competitiveness of our products. Indian Government is committed to support growth of defence modernisation and capabilities and we've increased the defence capital outlay in the annual budget of 2021-22 by 18.75 per cent from the preceding year. This is the highest ever increment in the last 15 years,” said Rajnath Singh.