India’s Defence Capex To Reach ₹2.8 Lakh Crores By FY2030 On Indigenisation And Export Growth

India’s defence capital expenditure is projected to rise sharply to ₹2.8 trillion by FY2030, growing at an 11 percent CAGR, driven by indigenisation, export growth, and modernisation programs.Kotak Institutional Equities highlights drones, counter-drone systems, and rising domestic procurement as key drivers, while exports are expected to hit ₹500 billion by FY2029.India’s defence capital
India’s defence capital expenditure is projected to rise sharply to ₹2.8 trillion by FY2030, growing at an 11 percent CAGR, driven by indigenisation, export growth, and modernisation programs.Kotak Institutional Equities highlights drones, counter-drone systems, and rising domestic procurement as key drivers, while exports are expected to hit ₹500 billion by FY2029.India’s defence capital
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