Capital outlay likely to grow faster than the overall defence budget.

Capital outlay likely to grow faster than the overall defence budget. incremental funding would be channeled toward domestic procurement and modernisation-heavy programmes. With contested borders, maritime chokepoints, and the need for rapid kill-chains, India is likely to keep prioritising C4ISR projects. Project-75(I) aimed at procuring diesel-electric submarines, underscores MDL’s central role in the warship/submarine build pipeline. The largest, fastest beneficiaries may likely be seen in missiles/ munitions, defence electronics (C4ISR/ EW), drones/ C-UAS, and select aviation/ helicopter procurement.