India is poised to sign a record ₹2-3 lakh crore in defense contracts this year, surpassing last year’s ₹1 lakh crore milestone, as reported by the Ministry of Defence to a parliamentary panel. Despite delays attributed to geopolitical conflicts affecting deliveries, particularly from Russia and Israel, efforts are underway to streamline procurement and reduce timelines through technological advancements. The ministry aims for significant reforms by 2025 to enhance budget utilization, although concerns were raised regarding reduced allocations for the Air Force. The panel urged the government to consider supplementary funding to ensure operational readiness, highlighting the critical need for timely resource allocation amidst evolving geopolitical dynamics.
