India's Ministry of Defense has announced a 10% increase in its defense budget for fiscal 2026 which begins April 1, reaching a record $78.3 billion amid security challenges from Pakistan and China. The budget breakdown reveals that 26.4% ($20.7 billion) is allocated for new acquisitions. Major planned purchases include (General...
India to Spend $16 Billion on Warships Submarines
Reuters, citing defense sources, reported that Prime Minister Modi had summoned a meeting of the cabinet committee on security on 16 February to approve construction of seven frigates equipped with stealth features to avoid easy detection, and the government cleared an $8 billion plan to build India's most advanced warships....
India to Buy Warships from Korea
In keeping with a growing “strategic partnership” with South Korea, India is set to acquire 8 advanced mine sweeping and hunting warships for $1 billion. Under the program, India will get two of the mine counter-measures vessels (MCMVs) directly from the South Korean firm Kangnam Corporation, while the other six...