Defence Budget Likely To Be Enhanced Owing To ‘Year Of Reforms’ Initiatives
2 months ago

Defence Budget Likely To Be Enhanced Owing To ‘Year Of Reforms’ Initiatives

ABP News  

Defence Budget Expectations: During the upcoming Finance Budget 2025-26 defence sector is expected to have major focus with increased allocations as the government aims to not only implement a massive modernisation and indigenisation, including likely creation of the theatre-commands that was announced by Prime Minister Narendra Modi earlier this year. Lt Gen Subrata Saha, Former Member NSAB and Deputy Chief of Army Staff, told ABP Live, “The government should provide financial support to help the Ministry of Defence actualise its declared intent of making 2025 as the 'Year of Reforms' aimed at transforming the Armed Forces into a technologically-advanced combat-ready force capable of multi-domain integrated operations.” “There is an urgency in bridging defence capability gaps keeping in view the rapidly evolving security challenges due to the increasing proximity between China, Pakistan and now Bangladesh. Vivek Merchant, Director, Swan Defence and Heavy Industries Limited, “The Indian government’s emphasis on improving shipping infrastructure and promoting indigenous shipbuilding has significantly transformed the sector. India holds a mere 0.05% of the global market share in shipbuilding, in stark contrast to China, South Korea, and Japan, which currently dominate the industry.” “Therefore, new government initiatives and improved budgetary allocations for ports and shipyards could be game changers, showcasing a clear vision for a robust maritime economy,” Merchant said.

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History of this topic

Defence exports touch record high of ₹23.6k cr
1 day ago

Defence exports touch record high of ₹23.6k cr

Hindustan Times  

NEW DELHI: India’s defence exports touched a record high of ₹23,622 crore in the financial year 2024-25 on the back of policy initiatives and reforms, a growth of 12.04% over last year, the defence ministry said on Tuesday. “The defence public sector undertakings have shown a significant increase of 42.85% in their exports in the FY 2024-25 reflecting the growing …

Indian defence production hit Rs 1.27 lakh crore in 2023-24, exports crossed Rs 21,000 crore
1 week ago

Indian defence production hit Rs 1.27 lakh crore in 2023-24, exports crossed Rs 21,000 crore

Firstpost  

Between 2014-15 and 2023-24, India’s defence production rose from Rs 46.2 thousand crore to Rs 1.27 lakh crore and exports rose from Rs 686 crore in 2013-14 to Rs 21,083 crore in 2023-24, according to the Ministry of Defence Indian Army's T-90 Bhishma tanks drive during the Republic Day parade in New Delhi, India. India’s defence production hit record high …

How China’s massive defence spending doesn’t ensure strategic security for it
1 week, 1 day ago

How China’s massive defence spending doesn’t ensure strategic security for it

Firstpost  

Beijing has long perfected the art of budgetary camouflage. Significant sums are routinely hidden off the official balance sheet in the guise of research and development projects, covert military-civil fusion initiatives, and undisclosed contingency funds China faces the old imperial dilemma of overspending on war and losing the prosperity of peace. File photo China’s latest defence budget hike—a 7.5 per …

Exports rise 30 times, 'Made in Bihar' boots used by Russia: Defence report
1 week, 1 day ago

Exports rise 30 times, 'Made in Bihar' boots used by Russia: Defence report

India Today  

India's defence production surged to a record high of Rs 1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative. According to a report by the Ministry of Defence, defence exports have also hit a record Rs 21,083 crore in FY 2023-24, expanding 30 times in a decade, with equipment being …

Local arms production making good headway?
2 weeks, 3 days ago

Local arms production making good headway?

New Indian Express  

There’s been a significant shake-up in the massive $650 billion global armaments industry following the Ukraine war; and India too seems to be making a splash with a reduction in arms imports. India, which was the world’s top arms importer till last year, accounting for 9.8 percent of armaments purchase, has now gone down a notch this year becoming the …

India's defence sector poised for significant growth amid global shifts: Report
2 weeks, 4 days ago

India's defence sector poised for significant growth amid global shifts: Report

Deccan Chronicle  

New Delhi: India’s defence exports are set to gain momentum as European nations ramp up spending to reduce their reliance on the United States for security. A report by brokerage firm Nuvama highlights that Europe’s limited manufacturing capacity and workforce shortages are creating opportunities for Indian defence manufacturers. India’s defence exports reached a record ₹21,083 crore in FY 2023-24, marking …

China’s defence budget hike demands India to boost its Aatmanirbhar capabilities
2 weeks, 5 days ago

China’s defence budget hike demands India to boost its Aatmanirbhar capabilities

Firstpost  

The Modi government aims to build India’s defence capabilities by continuing to pursue gradual reforms—it’s time to accelerate the speed China announced its defence budget for 2025 at $245 billion, an increase of 7.2 per cent. India’s Defence Budget 2025-26 The Union Budget 2025-26 estimates the GDP to be Rs 3,56,97,923 crore, an increase of nearly 9 per cent. Boost …

China boosts defence budget by $249 billion, what it means for India
Trending News
4 weeks ago

China boosts defence budget by $249 billion, what it means for India

India Today  

In a significant announcement on Wednesday, China said it would boost its defence budget by USD 249 billion, a 7.2 per cent increase, as the Asian giant continues to enhance its high-tech military capabilities. With a defence budget almost over three times that of India, Beijing continues with the massive modernisation of all its armed forces due to the tensions …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
1 month ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

Cutting aid to spend more on defence: how do the numbers add up?
1 month ago

Cutting aid to spend more on defence: how do the numbers add up?

The Independent  

At Prime Minister’s Questions, Keir Starmer repeated his claim that the increase in defence spending he announced on Tuesday will amount to £13.4bn a year. Second, Tuesday’s decision was expressed as a share of GDP, and even though the economy is not growing as fast as people would like, it is forecast to grow over three years, so by fixing …

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath
1 month, 1 week ago

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath

The Hindu  

The Union Defence Minister Rajnath Singh on Monday said India had achieved 88% self-sufficiency in ammunition production, and defence exports had reached about ₹23,000 crore in 2023-24. “Our goal is to reach ₹50,000 crore in defence exports by 2029,” Mr. Singh said. He called on IIT Mandi’s students to contribute to this vision by focusing on technological solutions that would …

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal
1 month, 3 weeks ago

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal

ABP News  

Aero India 2025: Exports of defence items from India is expected to surpass Rs 30,000 crore in the current financial year of 2025-26, from Rs 21,000 crore at present, even as the country has taken steps to develop advanced defence platforms from fighter planes to missiles, according to Defence Minister Rajnath Singh. https://t.co/kVP3Zx2IHp — Rajnath Singh February 9, 2025 OPINION …

Kamal Davar | Despite spending hike on defence, many challenges yet to be tackled
1 month, 3 weeks ago

Kamal Davar | Despite spending hike on defence, many challenges yet to be tackled

Deccan Chronicle  

Over the past four years, not only is the post-Covid-19 world at war with itself, but warfare has emerged in newer forms, with myriad challenges across varying domains putting to rest military truisms which have stood the test of time. This year’s allocation is 9.5 per cent higher than what was allocated for defence in last year’s Budget and six …

Defence ministry inks ₹10,000 crore deals to boost army’s firepower
1 month, 3 weeks ago

Defence ministry inks ₹10,000 crore deals to boost army’s firepower

Hindustan Times  

NEW DELHI: The defence ministry has signed two contracts worth ₹10,147 crore to buy ammunition for the army’s indigenous Pinaka multi-launcher rocket system, in the latest boost for self-reliance in the defence manufacturing sector, it said on Thursday. The contracts were signed with Nagpur-based private firm Economic Explosives Limited and Pune-based Munitions India Limited for area denial munition and enhanced …

Government priorities in Budget 2025: Who gained, who lost
1 month, 4 weeks ago

Government priorities in Budget 2025: Who gained, who lost

India Today  

Finance Minister Nirmala Sitharaman presented the Union Budget on February 1, outlining new priorities and introducing schemes. But in 2019-20, defence expenditure began to shrink, falling to 11.9 per cent and further declining to 9.7 in the 2025-26 budget estimate. In 2015-16, subsidies made up 13.5 per cent of the total budget of Rs 17.9 lakh crore. However, during the …

Defence Ministry to return Rs 12,500 crore unused funds amid procurement delays
2 months ago

Defence Ministry to return Rs 12,500 crore unused funds amid procurement delays

India Today  

The Defence Ministry is expected to return Rs 12,500 crore from its 2024-25 budget due to not fully using the funds allocated for capital acquisition. This comes as the ministry’s budget for 2025-26 rises to Rs 6.81 lakh crore, marking a 9.53 per cent increase from the previous year. Out of the Rs 6.81 lakh crore allocated for 2025–26, Rs …

Defence Ministry to return Rs 12,500 crore unused funds amid procurement delays
2 months ago

Defence Ministry to return Rs 12,500 crore unused funds amid procurement delays

India Today  

The Defence Ministry is expected to return Rs 12,500 crore from its 2024-25 budget due to not fully using the funds allocated for capital acquisition. This comes as the ministry’s budget for 2025-26 rises to Rs 6.81 lakh crore, marking a 9.53 per cent increase from the previous year. Out of the Rs 6.81 lakh crore allocated for 2025–26, Rs …

Union Budget 2025: Defence budget falls short of expectations
2 months ago

Union Budget 2025: Defence budget falls short of expectations

The Hindu  

The Union Budget 2025-26 earmarked ₹6.81 lakh crore — or 13.4% of total Central government expenditure — for the Ministry of Defence. Of the MoD’s total budget, ₹4.92 lakh crore, or 72%, is meant for the Defence Services. About ₹1.61 lakh crore — amounting to 24% of the MoD’s total outlays — is provisioned to meet the pensionary expenses of …

Union Budget boosts defence: But how does India compare to China and Pakistan?
2 months ago

Union Budget boosts defence: But how does India compare to China and Pakistan?

Firstpost  

Budget documents show that the Centre has allotted Rs 6.81 lakh crore for defence spending in Union Budget 2025 – a 9.5 per cent increase over last year. The figure is also six per cent more than last year’s revised estimates of Rs 6.41 lakh crore. “This year’s defence budget of more than Rs 6.81 lakh crore is about 9.5 …

Defence Budget 2025: Meagre hike for new procurements as MoD fails to utilise capital head in earlier allocation
2 months ago

Defence Budget 2025: Meagre hike for new procurements as MoD fails to utilise capital head in earlier allocation

The Hindu  

The capital allocation for the Defence Ministry saw a meagre 4.65% increase to ₹1.8 lakh crore from the previous estimates, important considering the inflation and the currency fluctuations, as the armed forces are likely to return ₹12,500 crore from the budget estimates to the revised estimates of 2024-25. The total allocation to the Defence Ministry for 2025-26 stood at ₹6,81,210 …

Union Budget 2025: Govt sets aside ₹6.8 lakh crore for Defence: Is India keeping pace with China, Pakistan?
2 months ago

Union Budget 2025: Govt sets aside ₹6.8 lakh crore for Defence: Is India keeping pace with China, Pakistan?

Live Mint  

Union Budget 2025: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2025 on Saturday, announced that the Prime Minister Narendra Modi-led government has set aside over ₹6.8 lakh crore for the defence sector for FY2025-26, including ₹1.8 lakh crore for the modernisation of the military. India's defence budget for 2025 has been increased to ₹6.81 lakh crore, up from …

In 6 charts: Budget report card on defence, exports revival, Olympic dreams
2 months ago

In 6 charts: Budget report card on defence, exports revival, Olympic dreams

Live Mint  

Finance minister Nirmala Sitharaman presented the Union Budget for 2025-26 on Saturday. In 10 charts: Budget 2025 report card on railways, roads, education and health In 6 charts: Budget report card on climate, agri, and price volatility In 6 charts: Budget report card on income tax, F&O risks, and tourism revival Defence priorities India has the world’s fourth-largest military spending, …

Union Budget 2025: Defence Budget gets enhanced by Rs 59,669 crore
2 months ago

Union Budget 2025: Defence Budget gets enhanced by Rs 59,669 crore

New Indian Express  

NEW DELHI: The Defence Budget allocated by the government for 2025-26 for the Ministry of Defence has been pegged at Rs 6,81,210.27 Crore. Last year's budget allocation was increased by Rs 28,003.21 crore over the Defence Budget for 2023-24 which was Rs 5,93,537.64 lakh crore. As a breakup of the Budget Estimate, it comes to the Capital Outlay of Rs …

Budget 2025: Government allocates Rs 6.81 lakh crore to defence, over 9 pc hike from last year
2 months ago

Budget 2025: Government allocates Rs 6.81 lakh crore to defence, over 9 pc hike from last year

India TV News  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha and announced major allocations across key sectors, including youth, women, education, and healthcare. Among the significant announcements, the defence sector has received a boost, with a total allocation of Rs 6.8 lakh crore to strengthen India’s military capabilities. Here's the breakdown of the defence budget …

Budget 2025: Why India should boost its defence expenditure
2 months ago

Budget 2025: Why India should boost its defence expenditure

Firstpost  

The defence expenditure as a percentage of GDP and national expenditure has been falling in recent years. In 2023, the Stockholm International Peace Research Institute estimated that China’s military spending was $296 billion, which accounted for 1.7 per cent of the country’s GDP. SIPRI estimates China’s 2023 military budget at $296 billion, an increase of 6 per cent over 2022. …

Budget 2025: Will defence, railway sectors get a big boost?
2 months ago

Budget 2025: Will defence, railway sectors get a big boost?

India Today  

Experts are optimistic about the government’s balanced efforts at fiscal planning which could boost consumption and promote the growth and development of the nation. "In the realm of defence, we foresee budgetary allocation towards capital expenditure to hover around 7% to 8% in FY26; shall this be given effect, it would amount to approximately Rs 1.9 lakh crore. Significant alterations …

Why India's defence manufacturing needs a big boost from Union Budget 2025
2 months ago

Why India's defence manufacturing needs a big boost from Union Budget 2025

Firstpost  

The defence budget must see a substantial increase, particularly in capital outlay, which was Rs1.62 lakh crore in 2024-25 Indian Army's BrahMos weapon systems are displayed during a full dress rehearsal for the Republic Day parade in New Delhi. Reuters As Budget 2025 approaches, India’s Defence sector anticipates targeted measures to advance self-reliance, modernization, and global competitiveness. Strengthening defence allocations …

Budget 2025 Expectations Defence Sector Seek Increase In Allocation R and D And Infrastructure Push
2 months ago

Budget 2025 Expectations Defence Sector Seek Increase In Allocation R and D And Infrastructure Push

ABP News  

Budget 2025: In the Regular Union Budget of 2024-25, the Ministry of Defence was allocated Rs 6,21,940.85 crore, which was the highest among the ministries. Stepping Up Infrastructure Spending Kiran Raju, CEO & Co-Founder of Indrajaal, said, "As India looks ahead to Budget 2025, there’s a lot of focus on boosting the defence sector and stepping up infrastructure spending while …

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding
2 months ago

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding

ABP News  

Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025 on February 1, the defence sector anticipates significant announcements aimed at advancing India's strategic capabilities and self-reliance. "Building on last year’s increased defence allocations, we anticipate a continued focus on domestic production, R&D funding, and private sector incentives. Kartik Ganapathy, Founding Partner of IndusLaw, said, "A …

India's defence budget in last 10 years: Rs 2.53 lakh crore to Rs 6.22 lakh crore, a 2.5 times increase
2 months, 1 week ago

India's defence budget in last 10 years: Rs 2.53 lakh crore to Rs 6.22 lakh crore, a 2.5 times increase

India TV News  

India's defence budget has been on an upsurge in the last few years, with the FY 2024-25 defence budget going up to Rs 6.22 lakh crore. The defence budgets in the last 10 years, particularly last year's budget, focussed on the modernisation of the Armed Forces and the acquisition of new technologies. India's defence budget on continuous rise According to …

Budget 2025 Expectations: Defence Sector Calls For Public-Private Partnership Push, R&D Support And More
2 months, 1 week ago

Budget 2025 Expectations: Defence Sector Calls For Public-Private Partnership Push, R&D Support And More

ABP News  

Budget 2025: Finance Minister Nirmala Sitharaman is scheduled to present her eighth Union Budget on February 1, 2025. This will be the second budget of Prime Minister Narendra Modi’s third term, and industry leaders expect a special focus on the defence sector. Push Towards Public-Private Partnerships Jaikaran Chandock, Director, Balu Forge Industries said that defence will be one of the …

Budget 2025: How much hike can be expected in defense allocation, and where will the focus lie?
Trending News
2 months, 1 week ago

Budget 2025: How much hike can be expected in defense allocation, and where will the focus lie?

India TV News  

Budget 2025: Finance Minister Nirmala Sitharaman is set to present her 8th Union Budget on February 1, 2025. Continuing its emphasis on modernisation and self-reliance, the government allocated Rs 6.22 lakh crore to defence in FY 2024-25 -- a 4.79% increase over the previous year. In the interim budget of July 2024, the government allocated Rs 1.72 lakh crore for …

Top 5 defence stocks to watch out for pre-budget gains
2 months, 2 weeks ago

Top 5 defence stocks to watch out for pre-budget gains

Live Mint  

India's defence sector is gearing up for a seismic shift as the government pairs record-breaking budgets with ambitious reforms, positioning the nation not just as a regional power but a global defence exporter aiming for ₹420 billion in exports by 2025. Here are five top defence stocks, filtered using Equitymaster’s screener and assessed for strong order books and strategic wins. …

Budget 2025 Expectations: Experts Look For More Fund Allocation Towards Defence Education
2 months, 2 weeks ago

Budget 2025 Expectations: Experts Look For More Fund Allocation Towards Defence Education

ABP News  

As the Union Finance Minister Nirmala Sitharaman is all set to present the budget for the fiscal year 2025-26 on 1, February 2025, experts from across the sector have shared what they are expecting from the upcoming budget. In the FY2024-2025 budget, the finance minister allocated Rs 6.22 lakh crore to the defence sector, marking a 4.79 per cent increase …

Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained
2 months, 2 weeks ago

Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained

India TV News  

Budget 2025: As Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2025 in the Lok Sabha on February 1, the nation waits with bated breath for measures that address key economic and strategic priorities. In an era marked by geopolitical turbulence -- from the Russia-Ukraine war to the Israel-Hamas conflict and rising tensions near India's borders …

Budget 2025: Is it high time to hike India's military spending?
2 months, 3 weeks ago

Budget 2025: Is it high time to hike India's military spending?

India Today  

From the Russia-Ukraine war and the Israel-Hamas conflict to the Bangladesh instability and Afghanistan-Pakistan tensions, global peace is in short supply. With conflicts reaching Indian borders, the question arises: is it time to raise the defence budget, which has consistently been below 2.5 per cent of the country’s gross domestic product? For the first time since 2009, military expenditure went …

Defence Reforms, Including Theatre Commands Creation, To Be Priority In 2025, Defence Ministry Says
3 months ago

Defence Reforms, Including Theatre Commands Creation, To Be Priority In 2025, Defence Ministry Says

ABP News  

Defence Reforms: With a challenging geopolitical scenario and threats emerging from China that has taken a quantum leap in defence modernisation, India Wednesday said 2025 will be marked as 'Year of Reforms' for its armed forces and thrust will be given towards establishment of integrated theatre commands to boost jointness and integration among the Army, Navy and Air Force, thereby …

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?
3 months ago

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?

India TV News  

Japan has decided to increase its defence budget to as high as 8.7 trillion yen in 2025. Under the new defence strategy, Tokyo plans to eventually double its annual military spending to around 10 trillion yen, making it the world's No.3 military spender after the United States and China. Understanding Japan's new defence strategy Japan prepares to deploy US-made Tomahawks …

How small arms production advances India’s defence ecosystem
3 months, 2 weeks ago

How small arms production advances India’s defence ecosystem

Firstpost  

India’s defence manufacturing sector is seeing massive growth, with a clear focus on becoming self-reliant. Opportunities in India’s defence sector India’s defence sector is set to see orders worth $138 billion between FY24 and FY32, driven by rising demand for defence equipment, technology, and services. This presents significant opportunities for companies involved in defence production and technology development, according to …

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report
3 months, 2 weeks ago

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report

India Today  

The Stockholm International Peace Research Institute has revealed that global arms sales surged to $632 billion in 2023, marking a 4.2 per cent increase from 2022. A significant trend noted in the report is the expansion of arms revenues among a higher number of companies, with 73 companies in the SIPRI Top 100 Arms-Producing and Military Services Companies 2023 reporting …

India will meet its exports target of USD 800 billion this year: Commerce Secretary
4 months, 2 weeks ago

India will meet its exports target of USD 800 billion this year: Commerce Secretary

Op India  

India’s exports surged by over 19 per cent in October. Commerce Secretary Sunil Barthwal was upbeat on the trade data and said, “It has been an extremely good month for us, and not only our overall export progress has been extremely good, but if you look at April to October, this has been the highest ever non-petroleum exports from this …

India's Defence Production Hits ₹1.27 Lakh Cr
6 months, 1 week ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

India’s defence industry: Achievements and challenges
7 months, 2 weeks ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. Since assuming power in 2014, PM Modi’s …

India has made strides to further self-reliance in defence, exporting weapons too: PM
7 months, 2 weeks ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

India has made strides to further self-reliance in defence: Modi
7 months, 2 weeks ago

India has made strides to further self-reliance in defence: Modi

Hindustan Times  

New Delhi: In his 98-minute Independence Day speech delivered on Thursday morning from the Red Fort, Prime Minister Narendra Modi captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. Prime Minister Narendra Modi addressed the nation …

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi
7 months, 2 weeks ago

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi

New Indian Express  

India is attaining ‘Aatmanirbharta’ in defence and is emerging as a global manufacturing hub due to the steps taken by the Government in the last few years. He lauded the Ministry of Defence and the Armed Forces for taking a series of decisions, including the notification of a number of positive indigenisation lists, wherein there are over 5,600 items that …

India’s defence budget 2024: Hits and misses
7 months, 3 weeks ago

India’s defence budget 2024: Hits and misses

Hindustan Times  

The defence sector budget allocation remained the same as the interim budget allocation, with finance minister Nirmala Sitharaman presenting the full budget on July 23, 2024, after the formation of the new government. Even though the budgetary allocation to the Defence Research and Development Organisation has increased to ₹23,855 crore in FY 2024-25 from ₹23,263.89 crore in FY 2023-24, there …

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials
7 months, 3 weeks ago

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials

Hindustan Times  

New Delhi: India is on course to achieve its defence export target of Rs.50,000 crore in the next five years, defence ministry officials said on Sunday, citing export data shared by the government for the first quarter of financial year 2024-25. Akash missile is developed by the DRDO and produced by Bharat Dynamics Limited The data shared a day earlier …

Modernisation and aatmanirbharta: Decoding the defence budget allocation 2024
8 months ago

Modernisation and aatmanirbharta: Decoding the defence budget allocation 2024

Firstpost  

In this budget, the government is concentrating on domestic manufacturing, especially indigenisation of the defence sector, which is aiming to reduce reliance on defence imports The finance minister, Nrimala Sitharaman, while presenting her record seventh Union Budget for FY 2024-25 after the people of India re-elected the Modi Government for the historic third term. The defence sector has noticed a …

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