₹79,000 Cr Defence Boost: India’s Army, Navy, IAF Get Major Make in India Push

India gives a massive ₹79,000 crore boost to its defence sector, reinforcing the ‘Make in India’ initiative and modernising the Army, Navy, and Air Force.

The Defence Acquisition Council (DAC) recently approved a slew of military procurements aimed at enhancing the operational capabilities of India’s armed forces. This strategic push is expected to strengthen domestic defence manufacturing, reduce import dependence, and provide a significant fillip to indigenous defence companies.

Commerce and Industry Minister Piyush Goyal also highlighted progress in ongoing trade negotiations with the United States. Speaking on the sidelines, he said, “We are in dialogue with the United States of America. Our teams are engaged. We recently had the Commerce Secretary visit the US and he met with his counterparts. We continue to engage with them and talks are progressing. We hope to work towards a fair and equitable agreement in the near future.”

The impact of this defence spend is already visible in the markets, with defence stocks seeing a surge following the DAC announcements. Analysts note that the move not only strengthens India’s military preparedness but also provides a strategic boost to the domestic defence manufacturing ecosystem.

Beyond defence, the report touched upon other major economic developments. Vedanta has unveiled plans for a ₹1 lakh crore investment in Odisha, while Deloitte has projected India’s GDP growth for FY26 at 6.8 percent, driven by robust domestic demand and infrastructure investments. Rising global crude oil prices, however, continue to affect several Indian companies, highlighting the interconnected nature of global commodity trends and domestic markets.

Experts say the ₹79,000 crore procurement programme is part of a broader vision to make India self-reliant in defence technology and production. By prioritising domestic suppliers and indigenous development, the government aims to position India as a global defence manufacturing hub.

This move also underscores India’s commitment to modernising its military capabilities amidst evolving regional and global security challenges. The DAC’s approvals span a wide range of platforms and weapon systems, from advanced artillery and missile systems to naval vessels and next-generation fighter aircraft, ensuring a multi-dimensional upgrade across all three services.

With strategic investments in defence manufacturing and strong policy support, India’s armed forces are set to receive a transformative infusion of modern equipment, reinforcing national security and bolstering the Make in India initiative.