The recent trade agreements are designed to accelerate this momentum. MSMEs’ roleA distinctive feature of India’s recent trade strategy is the prominent role given to micro, small and medium enterprises. Overall capital expenditure stands at ₹12.2 lakh crore — a five-fold increase compared to 2013. Defence & self-relianceThe budget allocates a record ₹7.85 lakh crore to defence — 15 per cent higher than the previous year and the largest allocation to any ministry. Of the ₹2.2 lakh crore capital expenditure for the armed forces, 75 per cent is reserved for procurement from domestic defence industries.

Source: The Telegraph February 16, 2026 02:14 UTC