India's defence capex to rise over 10% in FY27
after close1 source ↓written by the desknot a recommendation
- rise in capex
- 57% YoY
- decline in November
- 13% YoY
- will be crucial
- 1 Feb 2026
- for FY26
- ₹1.8 trillion
India's defence capital expenditure is projected to increase by over 10% in FY27, according to Jefferies. This follows a 57% YoY rise in capex from April to November 2025, despite a 13% YoY decline in November. The upcoming Budget 2026-27 on 1 Feb 2026 will be crucial for defence stocks as allocations near ₹1.8 trillion for FY26 were largely met.
Not investment advice. For informational purposes only.