India’s defence capital expenditure continued to prioritize domestic manufacturers under the Make in India initiative, boosting the aerospace and defence industrial base.
Procurement guidelines favor indigenous platforms, components, and assembly for major weapons systems and support equipment. Capital outlays fund fighter aircraft programs, naval vessels, missiles, and electronics with local content requirements.
Make in India in defence aims to reduce import dependence and build supplier ecosystems employing engineers and skilled labor. Private firms and public sector undertakings compete for contracts tied to annual budget allocations.
Strategic autonomy considerations and geopolitical supply risks reinforce the domestic tilt. Export ambitions for Indian-built systems add longer-term rationale for sustained capital spending on local production capacity.
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Sources:
https://www.indiatvnews.com/news/india/12-years-of-modi-govt-live-updates-narendra-modi-address-bharat-mandapam-longest-serving-elected-pm-nda-leaders-meeting-bjp-1044332