The Domestic Defence Industry encompasses the production of military equipment and technology within a country. It plays a crucial role in national security. This sector fosters self-reliance and reduces dependence on foreign suppliers. It also stimulates economic growth and job creation. Investment in this industry can enhance technological innovation. Overall, it is vital for maintaining a nation's sovereignty and defence capabilities.
For decades, India’s defence budgeting has struggled with a structural dilemma: how to balance manpower-heavy revenue expenditure with the pressing need for technological modernisation. The FY2026–27 Union Budget...
