Get latest articles and stories on India at LatestLY. Defence research and development will be opened up for industry, startups and academia with 25 per cent of defence R&D budget earmarked, according to the Union Budget 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament on Tuesday. India News | Union Budget 2022-23: Defence R&D Opened Up for Industry, Startups and Academia.