Defence budget FY27: Capital outlay growth signals structural shift in awarding dynamics
India's defense budget sees a significant 17.6% jump in capital outlay, signaling a major shift towards modernizing forces and boosting domestic production. This increased funding allows for parallel contracting of new projects, easing past payment backlogs. The 'Other Equipment' category, including missiles and drones, receives a substantial boost, promising near-term growth for local manufacturers.
India's defense budget sees a significant 17.6% jump in capital outlay, signaling a major shift towards modernizing forces and boosting domestic production. This increased funding allows for parallel contracting of new projects, easing past payment backlogs. The 'Other Equipment' category, including missiles and drones, receives a substantial boost, promising near-term growth for local manufacturers.
