India’s Private Defence Firms to See 16-18% Revenue Growth in FY25: CRISIL

India’s private defence companies are positioned for another year of strong expansion, with CRISIL Ratings projecting 16-18% revenue growth for FY2026. This growth builds on a compound annual growth rate (CAGR) of nearly 20% over FY2022-25, underscoring sustained momentum driven largely by strong domestic demand, favourable government policies, and increasing private participation in defence
India’s private defence companies are positioned for another year of strong expansion, with CRISIL Ratings projecting 16-18% revenue growth for FY2026. This growth builds on a compound annual growth rate (CAGR) of nearly 20% over FY2022-25, underscoring sustained momentum driven largely by strong domestic demand, favourable government policies, and increasing private participation in defence
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