Defence budget rises to ₹7.85 lakh crore, capex hits ₹2.31 lakh crore
India stepped up its defence spending in the Union Budget 2027, with Finance Minister Nirmala Sitharaman announcing an outlay of ₹7.85 lakh crore, up 15.2% from FY26’s Budgeted ₹6.81 lakh crore allocation. The increase includes a 20.1% rise in overall defence capital expenditure to ₹2.31 lakh crore, underlining the government’s emphasis on long-term capability building. … Read more