India's defence exports have surged from Rs 6.8 billion (USD 80 million) in FY14 to Rs 236 billion (USD 2.77 billion) in FY25. The Ministry of Defence aims to raise this to Rs 350 billion (USD 4.1 billion) by FY27 and further to Rs 500 billion (USD 5.8 billion) by FY29.
India's private defence companies are set to continue on the growth path and see firm revenue rise in 2025-26, led by continuing strong domestic demand, according to Crisil Ratings.
European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities.
The potential market opportunity for Indian defence companies is expected to rise at 14 per cent CAGR (Compound annual growth rate) over financial year (FY) 2024-FY 2030E (Estimated) driven by the government's indigenisation focus on export opportunity.
New Delhi [India], April 24 (ANI): A defence delegation of Kazakhstan, led by Vice-Minister Timur Shaymergenov, took part in the recently held "DEFEXPO-2018" in Chennai and held meetings with representatives of Indian defence companies and officials of Indian Ministry of Defence.