India Allocates ₹7.85 Lakh Crore for Defence Modernisation in 2026-27 Budget
The Indian Central Government has announced a ₹7.85 lakh crore budget for the Ministry of Defence for fiscal year 2026-27, a 15.19% increase from FY 2025-26, representing 14.67% of total government expenditure. DRDO's allocation has risen to ₹29,100.25 crore.
The budget emphasizes advanced platforms and technologies, and the SHANTI Bill aims to modernize nuclear laws and encourage private sector participation in nuclear power. The government has initiated the ₹1 lakh crore RDI initiative to boost research and innovation and is advancing the India Semiconductor Mission with a focus on cutting-edge technologies. Missions for rare earths and critical minerals have been launched to reduce import dependency.
