India Allocates ₹7.85 Lakh Crore Defence Budget

NITI Aayog member V.K. Saraswat said India’s Union Budget 2026–27 allocates ₹7.85 lakh crore to the Ministry of Defence, a 15.19% rise versus FY2025–26, and increases DRDO funding to ₹29,100.25 crore. He highlighted the SHANTI Bill opening nuclear power to private participation to reach a 100 GW target, the ₹1 lakh crore RDI initiative, and Semiconductor 2.0 priorities.