India's defence spending rises with capex growth
after close1 source ↓written by the desknot a recommendation
- for defence
- $85 billion
- YoY
- 15% increase
- from 2020-24
- 9.3%
India is now the fourth-largest defence spender globally, with the FY27 Union Budget allocating $85 billion for defence, a 15% increase YoY. This reflects a strategic shift towards military modernization, with rising capex for advanced technologies and local manufacturing. Defence imports have also declined by 9.3% from 2020-24, indicating a focus on domestic production.
Not investment advice. For informational purposes only.