In this episode of All Things Policy, Aishwaria and Anushka unpack India’s defence budget for FY 2025-26, exploring spending priorities, capital allocation, and strategic implications. They examine how India is balancing military modernisation, operational readiness, and rising pension costs, while also comparing defence spending trends in Pakistan and China. With China’s expanding military footprint and Pakistan’s reliance on strategic partnerships, does India’s budget align with its evolving security challenges?

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All Things Policy is a daily podcast on public policy brought to you by the Takshashila Institution, Bengaluru.

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