India's defence capex to reach ₹2.8 lakh cr by FY30
after close1 source ↓written by the desknot a recommendation
- from FY2026
- 11% CAGR
- reaching
- ₹2.8 lakh crore
- by FY2029
- ₹50,000 crore
India's defence capital expenditure is projected to grow at 11% CAGR from FY2026 to FY2030, reaching ₹2.8 lakh crore. This growth is driven by the Defence Acquisition Procedure 2020 and increased indigenous content requirements. Defence exports are also set to rise, targeting ₹50,000 crore by FY2029, supported by a booming global drone market. ⚔️📈
Not investment advice. For informational purposes only.