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Key Statistics
$ Billion*
Total Defence Budget (FY 2019-20)
$ Billion*
Capital Expenditure Allocation (FY 2019-20)
$ Billion*
Revenue Expenditure Allocation (FY 2019-20)
%
Growth in Expenditure in 2019-20 over 2018-19
Reports & Research Papers
Sector Snapshot
India maintains the second largest standing armed forces in the world by size, is the eighth largest spender on defence and the second largest importer of defence equipment (SIPRI, March 2019). Considering the size of Indian Defence Forces, and their modernisation needs, India has maintained a consistent defence spending pattern over the last decade to build defence capability, as also its defence industrial base.
8 – 10 % CAGR
Steady growth
5000>
Micro, Small and Medium Enterprises (MSMEs)
49%>
FDI permitted with Government approval
Defence Industrial Licences issued till end of FY 2018-19
Latest News
Industry Voice
Make in India is a priority, and defence is a focus sector. The role for SIDM in this context is cut out; it is to focus on indigenisation, R&D, connecting industry, academia and research institutions, in addition to facilitating participation of small and medium scale industries in defence production.
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SIDM has been created to act as the single point of contact between the industry and the government. SIDM endeavours to work closely with the government on policy related issues, collaborate with experts from the industry, academia, R&D institutions, and through this, bridge the gap between the armed forces and the industry. SIDM also provides thought leadership, facilitates dialogue, convergences and consensus to resolve policy related issues and aid the flagship Make in India campaign.
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