India Plans 35% Defence Modernisation Budget Increase for FY28

India is reportedly preparing to seek a 35% increase in the defence modernisation budget for the 2028 fiscal year. According to reports from BW Businessworld, this significant hike is intended to bolster the nation’s military capabilities and upgrade existing equipment.

Modernisation remains a key priority for the Indian defence establishment, focusing on the procurement of advanced hardware and technology to ensure operational readiness. The proposed budget increase underscores a strategic shift toward enhancing domestic capabilities and maintaining a technological edge in regional security matters.

As the government finalizes its financial plans for the upcoming fiscal year, this 35% target reflects the scale of investment required to meet modern defence requirements. Further details regarding the allocation of these funds across different military branches are expected to emerge during the formal budget presentation process.

What to watch: Formal budget announcement for FY28.

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