The Economic Times

India's defence capex seen rising to Rs 2.8 trillion by FY30 on indigenisation, export growth: Kotak

India's defence capital expenditure is projected to grow eleven percent annually until FY2030. Domestic defence exports have grown fifty times over the past decade. Technological advancements, especially drones, are altering global military spending patterns. India currently ranks as the fifth-largest global military spender. Domestic manufacturers are positioned to benefit from geopolitical tensions and export opportunities.