India announces record military spending 

New Delhi has allocated 15% more to defense in the federal budget following a brief war with Pakistan 

India has earmarked $85 billion for military spending in its budget for the 2026-27 fiscal year, marking a record 15% increase, Finance Minister Nirmala Sitharaman has told parliament in her annual budget speech.

The sharp rise follows a brief military conflict with neighboring Pakistan in May 2025. Capital expenditure for the armed forces has been set at $23 billion...