Reduction in pension bill through Agnipath plan hike, costly arms imports help govt cut defence revenue expenses
India's 2026-27 defence budget, a record Rs 7.8 lakh crore, prioritizes domestic procurement and revenue spending control. The Agnipath scheme's increased allocation aims to lower future pension bills, while 75% of capital acquisition funds support indigenous industries. This strategy fosters self-reliance and strengthens India's defence manufacturing capabilities.
India's 2026-27 defence budget, a record Rs 7.8 lakh crore, prioritizes domestic procurement and revenue spending control. The Agnipath scheme's increased allocation aims to lower future pension bills, while 75% of capital acquisition funds support indigenous industries. This strategy fosters self-reliance and strengthens India's defence manufacturing capabilities.
