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flag India's defence budget rises to ₹7.85 lakh crore in 2026-27, with NITI Aayog’s VK Saraswat urging more venture capital for defence start-ups.

flag NITI Aayog member VK Saraswat urged Indian venture capitalists to boost funding for defence start-ups, citing their progress and the government’s expanded 2026-27 defence budget of ₹7.85 lakh crore—up from ₹6.81 lakh crore—with ₹2.19 lakh crore for capital expenditure. flag He emphasized India’s focus on self-reliance and technological advancement for national security, not geopolitical alignment, and highlighted growing innovation ecosystems supported by multiple government departments. flag Despite startup growth, he noted venture capital backing remains inadequate.

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