Budget Brief: Indian Defense Spending Struggles For Growth
Credit: Ewel Samad/AFP/Getty Images
Lackluster growth looks set to continue for India’s defense budget with spending set to fall to its lowest level in relation to GDP since the 1960s for the 2024-25 fiscal year beginning in April. The budget, which is set at a total of INR6.2 trillion (US$74.7 billion), is equivalent to around 1.9%...
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Budget Brief: Indian Defense Spending Struggles For Growth is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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