New Delhi, Dec. 9 -- India's defence capital spending is expected to remain steady at about 0.5 per cent of nominal GDP, according to a new sectoral update by B&K Research.

"Our trajectory implies defence capital expenditure staying at 0.5% of nominal GDP, similar to historical trends," the report added.

The report emphasises that capital expenditure, rather than the broader defence budget, provides the clearest measure of the scale and sustainability of future investment.

"We deliberately consider capex outlay rather than the overall defence budget, as capex is the number that matters," it added.

The report added that India's defence expenditure is expected to continue its expansionary path, supported by convergence of accelerated pl...