Budget 2021: Defence sector may get higher budgetary allocation this time

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This year’s Union Budget is arguably one of the most anticipated events in recent history; more so because this budget, the first for the decade of ’20s, could practically determine the direction for the economy. The COVID-19 pandemic ravaged macroeconomic fundamentals, unprecedented geopolitical backdrop and growing inwardness amongst large economies have all but set the stage.
Recent developments at neighbouring borders will weigh in on the government’s broader decision making for the short to medium term. It is this reason why India’s defence industry finds its stakes high in the run-up

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