New Delhi, Jan. 10 -- The ongoing Russia-Ukraine war, tensions between the US and Venezuela, and US President Donald Trump's aggressive stance on Greenland and Iran have heightened geopolitical risks.

As geopolitical conflicts intensify, several countries are increasing their defence budgets. Trump has proposed to raise the military budget to $1.5 trillion in 2027 - a 50% increase from the earlier projection.

The evolving geopolitical scenarios have fuelled speculation that the Indian government, too, may step up defence spending in the Union Budget 2026.

US action on Venezuela surprised the world. The US military attacked Venezuela and captured its President, Nicolas Maduro, and his wife, Cilia Flores. This raised apprehensions that C...