India's defence sector holds a $138Bn opportunity over the next 10 years due to increasing defence equipment demand.

India's defence sector holds a $138Bn opportunity over the next 10 years due to increasing defence equipment demand. Nomura's 'India Defence' report predicts defence capital expenditure will reach 37% of the total budget by FY30, up from 29% in FY25, indicating substantial growth. The government supports the sector with policy reforms, incentives, and initiatives to boost indigenous manufacturing and technology development.