Key Statistics
Total Defence Budget (FY 2019-20)
Capital Expenditure Allocation (FY 2019-20)
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.
Steady growth
Micro, Small and Medium Enterprises (MSMEs)
FDI permitted with Government approval
Defence Industrial Licences issued till end of FY 2018-19