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India's Increasing Allocation to The Defence Sector
Mar 28, 2019

A look at India's defence budget allocation gives us a fair idea about the opportunity in this sector.

India's defence allocation has nearly trebled in the past decade (2009-2019).

However, most of the spending in the past decade was manpower related i.e. salary and pensions.

India needs a big push towards modernisation of its weapons.

The government's recent policies are aimed at rectifying two major issues.

  • Reducing India's over dependence on imports.
  • Expanding the defence budget to modernise existing equipment.

India's recent tensions with its neighboring countries is likely to accelerate these initiatives. The players most likely to benefit are India's private sector defence manufacturers.

Data Source: SIPRI

This Chart Of The Day was published in The 5 Minute WrapUp - Will Mission Shakti Bring Defence Stocks into the Limelight?

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