Budget 2026 Expectations Live: Parliament's Budget session begins; all eyes on FM Nirmala Sitharaman

The defence manufacturing ecosystem in India is considering Budget 2026 as the point of critical indigenisation. There is an anticipation of more visibility into the long-term procurement pipelines, accelerated contracting processes and ongoing encouragement of the participation in the private sphere. In our view, predictability in defence expenditure is important as compared to the headline allocations. This is what allows domestic players to invest in scale and technology due to the stable order visibility.”

Potential Effects: Involvement of the private sector, capex planning, investment in technology.

Source: Times of India