India's defence capex to reach ₹2.8 lakh cr by FY30
pre-market1 source ↓written by the desknot a recommendation
- over FY2026-30
- 11% CAGR
- reaching
- ₹2.8 lakh crore
- by FY2029
- ₹50,000 crore
- in FY26
- ₹38,400 crore
- in CY24
- $30 billion
India's defence capital expenditure is projected to grow at 11% CAGR over FY2026-30, reaching ₹2.8 lakh crore. This growth is driven by the Defence Acquisition Procedure 2020 and increased indigenous content requirements. Defence exports are also on the rise, targeting ₹50,000 crore by FY2029, bolstered by competitive indigenous platforms and easing export controls.
• Defence exports stood at ₹38,400 crore in FY26.
• The global military drone market is expected to grow from $30 billion in CY24 to $75 billion by 2029.
Not investment advice. For informational purposes only.