ThisGlobe.com
General Category => Asia => India => Topic started by: Rajot on May 30, 2025, 09:50:40 AM
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India may see massive fivefold increase in defence budget by 2047: set to become third biggest defence spender
India's defence budget is set for substantial growth, potentially reaching Rs 31.7 lakh crore by 2047, according to a CII-KPMG report. Defence production and exports are also projected to surge, positioning India as a key global supplier. Increased capital expenditure and R&D investment are expected, alongside a rise in defence's GDP share.
Source: India may see massive fivefold increase in defence budget by 2047: set to become third biggest defence spender (https://timesofindia.indiatimes.com/india/india-may-see-massive-fivefold-increase-in-defence-budget-by-2047-set-to-become-third-biggest-defence-spender/articleshow/121512693.cms)