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A shift towards indigenisation: 'Make in India' fortifies defence spending

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation

Topics
defence sector | Defence indigenisation plan | Capex

Ajai Shukla & Devangshu Datta  |  New Delhi 



Indian Army
It is noteworthy that defence spending has grown strongly by 9 per cent CAGR after 2016-17 even though the GDP growth has fallen since then

An analysis of capital expenditure (capex) indicates increased spending during the last four or five years, along with a discernible shift towards indigenisation. Adjusted for inflation, capital allocations to the sector have grown at a compounded rate of around 7 per cent between the base year (2011-12) and the present (2022-23).

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First Published: Thu, September 29 2022. 17:42 IST

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