Budget 2023 & Defence - Capital Outlay Allocation Comes As A Dampener: ICICI Securities

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Indian defence capital budget rose a mere 6.8% YoY (FY24BE vis-a-vis FY23BE) to Rs 1.62 trillion. Key points:Capital budget rose at its slowest pace in the past six years;capital budget as a %age of total defence budget is 28.5%; and among broad categories, budget for aircraft, aero engine and naval fleet has been impacted the most while that for other equipment is at the highest-ever level of Rs 670 billion. On the positive front, research and development budget has been raised 7.3% YoY to Rs 129 billion- the highest-ever level. Allocation for Indian Space Research Organisation has also been lowered with budget and capex on space research (FY24BE vis-a-vis FY23BE) down 8% YoY and 15% YoY, respectively. In absolute terms, FY24 space budget and capex on research is at the similar level as FY20..Click on the attachment to read the full report:.More Research Reports On Budget 2023 Reviews, Highlights, Impacts.Budget 2023 Review - Keep The Engine Chugging Along: Dolat CapitalBudget 2023 Review - Accelerating Capex To Retool Economy: ICICI DirectBudget 2023 Impact On Personal Tax, Automobiles, Railway And More: IDBI Capital AnalysisBudget 2023 - A Budget For All: CareEdge AnalysisBudget 2023 Review - Populism Gives In To Investment-Led Spending Growth Strategy: Motilal OswalBudget 2023 - Fiscal Deficit Pegged At 5.9% Of GDP For FY24 Amid Surge In Capex: ICRA.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Budget 2023 & Defence - Capital Outlay Allocation Comes As A Dampener: ICICI Securities

Indian defence capital budget rose a mere 6.8% YoY (FY24BE vis-a-vis FY23BE) to Rs 1.62 trillion.

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Budget 2023 & Defence - Capital Outlay Allocation Comes As A Dampener: ICICI Securities

Indian defence capital budget rose a mere 6.8% YoY (FY24BE vis-a-vis FY23BE) to Rs 1.62 trillion.

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