India's Ministry of Defence to seek 35% increase in modernisation funding for FY28

PravdaReport ·
Russia

The Ministry of Defence (MoD) is preparing to request a 35 per cent increase in modernisation funding for the 2027-28 financial year (FY28), marking the most aggressive push for arms procurement budget growth in over a decade. Defence Secretary Rajesh Kumar Singh revealed this plan during the Society of Indian Defence Manufacturers (SIDM) Annual Session in New Delhi, signalling a strategic shift…

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