India's defence capex to reach ₹2.8 lakh cr by FY30
pre-market1 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 set to grow at an 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 on the rise, targeting ₹50,000 crore by FY2029, bolstered by cost-competitive platforms and easing export controls.
Not investment advice. For informational purposes only.