India’s Defence Budget To Rise Five-Fold To ₹31.7 Lakh Crore By 2047, Says CII-KPMG Report

India’s defence sector is projected to undergo a transformative expansion by 2047, driven by a nearly fivefold increase in its defence budget—rising from approximately ₹6.8 lakh crore in 2024–25 to ₹31.7 lakh crore by 2047, according to a joint report by the Confederation of Indian Industry (CII) and KPMG.This surge will position India as the world’s third-largest defence spender, trailing only
India’s defence sector is projected to undergo a transformative expansion by 2047, driven by a nearly fivefold increase in its defence budget—rising from approximately ₹6.8 lakh crore in 2024–25 to ₹31.7 lakh crore by 2047, according to a joint report by the Confederation of Indian Industry (CII) and KPMG.This surge will position India as the world’s third-largest defence spender, trailing only
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