India’s Defence Budget Set to Explode: Fivefold Leap Could Make Nation a Global Military Powerhouse by 2047!

India is poised for a dramatic transformation in its defence sector, with projections indicating a fivefold increase in its annual defence budget by 2047. According to a landmark report by the Confederation of Indian Industry (CII) and KPMG, India’s defence budget is expected to soar from ₹6.8 lakh crore in 2024–25 to a staggering ₹31.7 lakh crore by 2047. This surge is set to elevate India to the position of the world’s third-largest defence spender, trailing only the United States and China.

 

Key highlights from the report reveal that domestic defence production will experience a sixfold jump, reaching ₹8.8 lakh crore by 2047. Defence exports are also projected to rise sharply—from ₹30,000 crore to ₹2.8 lakh crore—solidifying India’s emergence as a global supplier of military hardware. The share of GDP devoted to defence is anticipated to double, moving from 2% to 4–5%, while capital expenditure within the defence budget will increase from 27% to 40%, reflecting a robust focus on infrastructure and equipment modernization.

 

Investment in research and development is set to double as well, with allocations rising from 4% to 8–10% of the defence budget, aiming to drive innovation and self-reliance in critical technologies. Despite these ambitious targets, the report notes ongoing challenges such as dependence on imports for advanced technologies, regulatory hurdles, and the need for skilled manpower.

 

India’s strategic vision for 2047 underscores its commitment to self-reliance, global competitiveness, and technological leadership in defence.

 

Sources: Times of India, Economic Times, Times Now News