The Times of India

Union Budget 2026: Defence budget jumps to Rs 7.85 lakh crore, Rs 2.19 lakh crore earmarked for modernisation - key points

The Union Budget 2026 significantly boosts defence spending to Rs 7.85 lakh crore, a substantial rise from last year. Modernisation efforts will receive Rs 2.19 lakh crore, with key allocations for aircraft and naval fleets. Finance minister Nirmala Sitharaman also announced customs duty exemptions on aircraft components and raw materials, aiming to invigorate the defence aerospace industry.