Investor Presentaiton
Increase in Defence Capital Expenditure
Globally the Defence Spending is on Rise
France will increase defence spending by a third
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India's defence Capital Expenditure ($ Billion)
Desk 22nd Jan, 2023. 11:24 am
France will
increase
defence
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Emmanuel Macron to increase France's defence budget by one-third over the next
seven years.
■France is intending to increase its air defences by 50%.
⚫The new defense bill for 2024-2030 hoped to boost military equipment production.
Macron stated that he would ask parliament to approve a new budget of
more than €400 billion ($430 billion) for 2024-2030, an increase from €295
billion for 2019-2025.
Indian Defence
spending in 2045E
$654 Billion
Indian Defence
spending in 2030E
$183 Billion
World military expenditure and weapons trade | Knowledge for policy (europa.eu)
Source: European Commission
Lowey Institute for 2030 figures and UK study for 2045 figures
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P. CINDUSTRIES TECHNOLOGIES
12023-24 ■2030 E
2045 E
22
22
2023-24
55
2030E
196
2045E
Indian Defence
Spending in 2023-24
$74 Billion
Based on 30% of Defence Budget
*Out of total Defence Spending ~30% is the capital expenditure
Indian defence companies will get orders worth Rs 8 lakh
crore over next 7 yrs, says Army chief
Discerning that the Russia-Ukraine war has shown the need to cut
dependence on foreign suppliers, Army chief Gen Manoj Pande
Thursday said indigenous weapon system is the way forward and
that orders worth Rs 8 lakh crore will be placed with Indian
companies in the next 7-8 years.
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