The defence industrial sector of India is strategically important in India. India has one of the world's largest military forces with a strength of over 1.44 million active personnel. The country has the world's largest volunteer military of over 5.1 million personnel. The total defence budget sanctioned for the financial year 2025 is ₹7.86 lakh crore (US$93 billion). India's defence spending is between 1.9% to 2.2% of the country's gross domestic product. The country has the largest annual defence budget behind USA (US$732 billion) and China (US$261 billion). India's defence budget is projected to increase to US$415.9 billion between 2025 and 2029. India is the world's largest defence importer, as of 2023, making up 9.8% of global arms imports. India has a domestic defence industry of which 60% is government owned. The public sector includes NTRO, CSIR, PRL, DRDO and its 50 labs, 4 defence shipyards, 12 defence...