Team Blitz India
NEW DELHI: India’s defence sector holds a lucrative ordering opportunity of growing to $ 138 billion in the next ten years amid the escalating demand for defence equipment, technologies, and services, according to a report titled India Defence by Nomura.
The report highlights that India’s defence capital expenditure is poised to surge to 37 per cent of the total budget by FY30, marking a substantial increase from the projected 29 percent in FY25. This equates to a cumulative capital outlay of Rs 15.5 trillion over FY24-30, indicating substantial growth compared to previous periods.
The report added that the India’s overnment is actively supporting the defence sector through favourable police reforms, incentives, and initiatives to promote indigenious and technology development.
