BUDGET REACTION: DEFENCE
City Air News
Feb 1, 2026 04:21
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"The allocation of ₹7.85 lakh crore to defence—with capital modernisation crossing ₹2 lakh crore for the first time—is a decisive post-Operation Sindoor signal that India will no longer outsource its security. The 75% domestic procurement mandate is exactly the right move. The government has shown the ambition; now we need procurement timelines that match it. And as we spend this historic sum, let us ensure the money flows to companies that design and develop in India—not just assemble in India. That’s the difference between strategic autonomy and strategic dependence with an Indian label."
Ashok Atluri Chair PHDCCI Defence & HLS Committee
