India's defence budget outlook: EY report calls for 3% GDP...

India's defence budget outlook: EY report calls for 3% GDP benchmark; permanent fund, R&D push recommended

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A recent report suggests India should consider allocating 3% of its GDP to military expenditure and establishing a permanent defence modernisation fund. This move aims to bolster domestic manufacturing and create a resilient defence framework. The proposal aligns with a previous recommendation to create a Modernisation Fund for Defence and Internal Security.

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