Business Standard
Notification Icon
userprofile IconSearch
Home / Blueprint Defence Magazine / Podcasts / Defence spending, foreign buys decline aircrafts
Aircraft

Defence spending, foreign buys decline aircrafts

India's defence spend has declined as a share of GDP and government expenditure, alongside a parallel drop in foreign acquisitions in capital defence purchases dfdfdf

NaN min
Updated On : Aug 31 2025 | 3:17 PM IST

Transcript

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. With the post-World War II global order in disarray since the start of US President Donald Trump’s second term in January, and with two

More from Podcasts