Defence, self-reliance, and budgetary priorities: Sectoral opportunities in a shifting strategic landscape
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India's defence sector stands at a transformative juncture. As global geopolitical tensions reshape alliances and redefine strategic imperatives, the nation's commitment to self-reliance and modernisation has evolved from aspiration to tangible reality. Contemporary strategic imperatives compel nations to modernise their forces against hybrid threats including drone swarms and hypersonic missiles as exemplified in the Russia-Ukraine conflict. Asymmetric warfare in the Middle East exemplified the need for advanced precision-strike capabilities for rapid response. Escalating nuclear and cyber risks underscore the imperative for integrated, multi-domain defence systems. The persistent frequency of drone interceptions and border incursions demands robust national defence to deter aggression and safeguard sovereignty. The Union Budget 2025-26's allocation of Rs. 6.81 lakh crore to defence, i.e., a 9.5% increase from the previous ye...