New Delhi, Feb. 1 -- India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 over the current fiscal's allocation of Rs 6.81 lakh crore with a major increase in capital expenditure as the military focuses on modernisation in the face of security challenges from China and Pakistan.
The increase in the defence outlay against the backdrop of "historic success of Operation Sindoor" has further strengthened our resolve to make India's defence system even more robust, Defence Minister Rajnath Singh said. The overall defence budget has seen a hike of 15 per cent over last year's outlay.
Out of the total allocation, Rs 2,19,306 crore has been earmarked for capital expenditure to the armed forces that largely includes purchasing ...