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

India's 2026-27 budget allocates ₹1,07,549 crore for navy expansion and modernization, aiming for a fleet of 230 ships by 2037. With 50 warships currently under construction and plans to increase aviation assets, the initiative seeks to enhance capabilities against China's naval presence while promoting self-reliance through local shipyards. Key projects include the development of Project 75I submarines and a focus on sustainability in new naval designs.

Published Mar 20, 2026

India's 2026-27 budget designates ₹1,07,549 crore to bolster its navy, targeting a fleet of 230 ships by 2037. Currently, 50 warships are under construction, incorporating indigenous designs to foster self-reliance.

AI-curated by Theia

The navy plans to boost its aviation assets from 264 to 314, including 26 Rafale-M fighters. This initiative addresses China's expanding naval presence and enhances capabilities in anti-submarine warfare and maritime reconnaissance.

Additionally, projects like Project 75I submarines and modernization of existing platforms are prioritized, with a focus on local shipyards to mitigate supply chain risks. The budget also emphasizes sustainability in new designs.