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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.
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.
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.
Despite startup growth, he noted venture capital backing remains inadequate.
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El presupuesto de defensa de la India aumenta a ₹ 7.85 lakh crore en 2026-27, con VK Saraswat, de NITI Aayog, instando a más capital de riesgo para las startups de defensa.