India Allocates ₹1,07,549 Crore for Navy Expansion and Modernization in 2026-27 Budget

India's budget for 2026-27 includes an allocation of ₹1,07,549 crore for navy expansion, targeting a fleet of 230 ships by 2037. This initiative includes the construction of 50 warships and aims to enhance naval capabilities against China while promoting self-reliance through local shipyards.

Published Mar 21, 2026

India has allocated ₹1,07,549 crore in its 2026-27 budget for the expansion and modernization of its navy, with a goal of achieving a fleet of 230 ships by 2037. The plan includes the construction of 50 warships and an increase in aviation assets.

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The initiative aims to bolster naval capabilities to counter China's maritime presence and emphasizes self-reliance by utilizing local shipyards. Key projects involve developing Project 75I submarines and focusing on sustainability in new naval designs.