New Delhi, Jan. 30 -- As the Union Budget draws closer, all eyes are on the government's spending priorities and the amount set aside for key sectors that directly affect the economy and everyday life. Finance Minister Nirmala Sitharaman is all set to present the Union Budget for the financial year 2026-27 in Parliament on Sunday, 1 February.

The defence sector is likely to receive heightened focus, especially amid rising geopolitical issues, including the US-Venezuela tensions, the Middle East conflict and other global flashpoints. This trend is already visible in the markets, with defence stocks rallying sharply ahead of the Budget.

In the previous Budget for FY 2025-26, the government allocated Rs.6,81,210.27 crore ($81 billion) to t...