Defense Budget Soars to Rs 7.85 Lakh Crore for FY26-27: Sitharaman's Big Announcement
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News18•01-02-2026, 13:53
Defense Budget Soars to Rs 7.85 Lakh Crore for FY26-27: Sitharaman's Big Announcement
- •Finance Minister Nirmala Sitharaman announced a defense budget of Rs 7.85 lakh crore for the financial year 2026-27, a significant increase from previous allocations.
- •The 2025-26 budget allocated a record Rs 6.81 lakh crore to the Ministry of Defense, with Rs 1.80 lakh crore for capital expenditure and Rs 1.12 lakh crore for domestic procurement.
- •Emphasis on indigenization has led to domestic defense production reaching Rs 1,27,434 crore in FY 2023-24, a 174% increase since 2014-15.
- •Defense R&D budget for DRDO increased by 12.4% to Rs 26,816.82 crore for 2025-26, focusing on cyber warfare, space assets, and unmanned systems.
- •India's defense exports hit a record Rs 23,622 crore in FY 2024-25, supplying to approximately 80 countries, with targets set for Rs 50,000 crore by 2029.
Why It Matters: India's defense budget sees a substantial hike to Rs 7.85 lakh crore, prioritizing indigenization, R&D, and exports.
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