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Indian defence budget focuses on technology at home

4th February 2022 - 02:48 GMT | by Gordon Arthur, Neelam Mathews in Christchurch and Delhi

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This picture shows the fifth Kalvari-class submarine, the future INS Vagir, which started its sea trials on 1 February. (Indian Navy)

India's new defence budget sees slow but steady growth for the coming year, despite the tensions it is experiencing with China and Pakistan.

In a move to encourage local manufacturing to enhance modernisation and infrastructure development, India’s planned annual defence budget (April 2022 till March 2023) has allotted a target of 68% of capital procurement to domestic industry.

This figure is up from 58% in last year’s budget. Most of this still goes to state-run companies but, with a thrust to encourage the private sector, it is likely a larger portion will be allotted to it compared to the past.

Announced on 1 February, the 2022 defence outlay of INR5.25166 trillion ($70.4 billion) represents a 4.4% nominal increase over last year’s final expenditure. 

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Gordon Arthur

Author

Gordon Arthur


Gordon Arthur is the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

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Neelam Mathews

Author

Neelam Mathews


Neelam Mathews was born in India and completed her education in London.

She has written for …

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