Indian defence industry to grow from Rs 1.78 lakh crore in FY26 to Rs 3 lakh crore by FY29, at a CAGR of ~19%: CareEdge Ratings
Defence production targeted to reach Rs 3 lakh crore by FY29 notes CareEdge Ratings India remained the world’s second-largest arms importer during 2021–25, accounting for ~8.2% of global imports Mumbai, 6th August 2026: According to CareEdge Ratings, Indian defence industry is expected to grow from Rs 1.78 lakh crore in FY26 to Rs 3 lakh…
