India Seeks 20% Defence Budget Increase to Modernize Forces and Boost Manufacturing

India's Defence Ministry has requested a 20% increase in the 2026-27 budget to modernize its armed forces, addressing the need for advanced technology like drones and UAVs highlighted during Operation Sindoor. The government aims to boost defence manufacturing through increased capital expenditure, enhanced research and development, and tax incentives to encourage private sector and startup participation. Proposed reforms include liberalizing procurement procedures and fostering international collaborations to accelerate technology transfer and self-reliance in defence production.