India Announces Record Budget Allocations for Infrastructure and Defence
The Indian government has unveiled a record budget for the financial year 2026-27, allocating $133 billion (approximately ₹12.2 lakh crore) for infrastructure and $85 billion (approximately ₹7.85 lakh crore) for defence. This represents an increase of around 9% in infrastructure spending and 15% in defence expenditure compared to the previous year.Presenting the Union Budget in…
