Indian defence industry set for 14% CAGR growth by 2030: Report

Indian defence companies are set for robust growth with a projected market opportunity increasing at a 14% CAGR from FY24 to FY30. This surge is driven by government policies focusing on indigenisation and exports. Defence spending is anticipated to double, potentially reaching USD 90-100 billion in the next few years, enhancing domestic firms’ revenues and stock values.