India To Spend $415.9 Billion On Defence Between 2025 And 2029, Forecasts GlobalData

India is set to significantly increase its defence budget over the next decade, aiming to bolster its military readiness amid potential conflicts with regional adversaries, particularly China and Pakistan. According to forecasts by GlobalData, total defence spending, including pensions, is expected to reach $415.9 billion from 2025 to 2029, reflecting a compound annual growth rate (CAGR) of 3.7%.
India is set to significantly increase its defence budget over the next decade, aiming to bolster its military readiness amid potential conflicts with regional adversaries, particularly China and Pakistan. According to forecasts by GlobalData, total defence spending, including pensions, is expected to reach $415.9 billion from 2025 to 2029, reflecting a compound annual growth rate (CAGR) of 3.7%.
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