Defence Budget 2026 Sees Historic 21.84% Hike After Operation Sindoor
Budget
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Moneycontrol•01-02-2026, 14:26
Defence Budget 2026 Sees Historic 21.84% Hike After Operation Sindoor
- •Finance Minister Nirmala Sitharaman announced a ₹2.19 lakh crore allocation for armed forces modernization in FY 2026-27, a 21.84% increase.
- •The overall defence budget for this year has risen to ₹7.85 lakh crore, representing 11% of GDP, up from 8% in FY26.
- •Budgetary allocation for defence services (revenue) increased by 17.24%, covering daily operations, maintenance, and salaries.
- •Pensions saw a 6.53% increase to ₹1.71 lakh crore, while ₹63,733 crore was earmarked for aircraft and aero engines.
- •The increase in military spending follows Operation Sindoor, the first military confrontation with Pakistan since the 1971 war, aligning with 'Atmanirbhar Bharat' goals.
Why It Matters: India's defence budget for 2026-27 surged by 21.84% to ₹7.85 lakh crore, emphasizing modernization and self-reliance.
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