India may see massive fivefold increase in defence budget by 2047: set to become third biggest defence spender
Friday, 30 May 2025 () India's defence budget is set for substantial growth, potentially reaching Rs 31.7 lakh crore by 2047, according to a CII-KPMG report. Defence production and exports are also projected to surge, positioning India as a key global supplier. Increased capital expenditure and R&D investment are expected, alongside a rise in defence's GDP share.
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Credit: euronews (in English) Duration: 08:00Published
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Friday, 30 May 2025 ()
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