With an allocation of $59 billion, India remains among the top five military spenders globally, but the spending structure is skewed towards personnel costs rather than modernisation.
India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the ...
FM Sitharaman presented the Union Budget 2025, allocating over ₹6.8 lakh crore for defense, including ₹1.8 lakh crore for military modernization. This marks a 9% increase from last year, aiming to ...