India to spend $415.9 billion on defense between 2025 and 2029, forecasts GlobalData

India is poised to further expand its defense budget over the next decade to sustain readiness for a potential two-front conflict with regional adversaries China and Pakistan, while enhancing its regional and global stature. Total defense spending, inclusive of pensions, is projected to reach $415.9 billion from 2025 to 2029, marking a compound annual growth […]

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