FM allocates ₹1.39 lakh cr for defence equipment procurement
pre-market1 source ↓written by the desknot a recommendation
- in capital acquisition
- 24% increase
- for FY27
- ₹1.85 lakh crore
- is earmarked
- ₹1.39 lakh crore
Union Finance Minister Nirmala Sitharaman announced a 24% increase in capital acquisition for defence, totaling ₹1.85 lakh crore for FY27. Of this, ₹1.39 lakh crore is earmarked for domestic suppliers, benefiting firms like Bharat Forge, L&T, Tata Group, and Adani. This move aims to enhance India's defence capabilities with advanced equipment.
Not investment advice. For informational purposes only.