India will aim to increase its defence expenditure as a share of GDP from the current 1.9% to 2.5% in the next five-year plan, Defence Secretary RK Singh told CNBC-TV18.
He outlined key priorities and plans:
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India intends to sign defence contracts worth ₹2 lakh crore in FY26.
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The defence ministry may request additional capital expenditure allocations from the finance ministry if needed.
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India will also seek additional allocation during the five-year cycle of the 16th Finance Commission.
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It is, however, too early to decide whether additional funds will be sought in the revised budget estimates for the current cycle.
These plans underscore India’s intent to modernise its military capabilities and strengthen its strategic preparedness in the coming years.
