India's Defence Budget Soars to ₹7.85 Lakh Crore, Capex Hits ₹2.31 Lakh Crore

• India's defence budget for FY27 increased by 15.2% to ₹7.85 lakh crore, up from ₹6.81 lakh crore in FY26.
• Overall defence capital expenditure saw a 20.1% rise, reaching ₹2.31 lakh crore, emphasizing long-term capability building.
• The modernisation budget alone increased by 24%, focusing on upgrading platforms, weapons, and technology.
• Defence expenditure has grown steadily at an average of 9.2% annually over the last five years.
• The government aims to boost domestic defence production to ₹3 lakh crore and exports to ₹50,000 crore by 2029.

Why It Matters: India significantly boosts defence spending and capital expenditure, prioritizing modernization and self-reliance.