India's Defence budget to rise five-fold to Rs 31.7 lakh crore by 2047, says CII KPMG Report
May 30, 2025
India is expected to see a major boost in its defence sector by the year 2047, with the total defence budget projected to rise to Rs 31.7 lakh crore, according to joint study report by Confederation of Indian Industry (CII) and KPMG.