India’s defence spending, as a percentage of the GDP has decreased from 2.25 per cent in 2014-15 to 1.91 per cent in 2024-2025. Along with this, there has also been a drop in the share of foreign procurement in capital defence purchases, especially from 2018-19 onwards, with share of foreign procurement being at approximately 49 per cent in 2018-19 declining by more than half at 12.4 per cent in the previous financial year uptil December 2024.
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