• SENSEX
    NIFTY 50
Economy

India's gross defence budget expected to reach $ 112 billion by FY 2027, says report

Updated : May 27, 2018 03:38 PM IST

According to the joint study report, India's gross defence budget is expected to reach "$ 112 billion by financial year 2027 from $ 45 billion announced by the government of India in 2018-19.
the report pointed out that the country's capital expenditure for defence procurement is expected to exceed $ 250 billion over the next 10 years, primarily to replace the Soviet-era vintage equipment and meet the growing modernisation needs of the Indian armed forces.
India's gross defence budget expected to reach $ 112 billion by FY 2027, says report
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV