Paras Announces Strategic Joint Venture With Israel’s HevenDrones

India’s Aerospace & Defence sector is undergoing rapid expansion, with the market valued at USD 28.68 billion in 2024 and projected to grow at a CAGR of 7.1% through 2034. In 2025, the sector saw investments of ₹2,915 crore across 48 deals, outpacing other defence sub-sectors. Government initiatives like ‘Make in India’ and increased defence budgets are fuelling this transformation,
India’s Aerospace & Defence sector is undergoing rapid expansion, with the market valued at USD 28.68 billion in 2024 and projected to grow at a CAGR of 7.1% through 2034. In 2025, the sector saw investments of ₹2,915 crore across 48 deals, outpacing other defence sub-sectors. Government initiatives like ‘Make in India’ and increased defence budgets are fuelling this transformation,
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