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flag Indian private defence firms expect 16-18% revenue growth in 2025-26 due to strong domestic demand, government support, and increased military spending.

flag Indian private defence firms are projected to see 16-18% revenue growth in 2025-26, driven by strong domestic demand, government policies promoting self-reliance, and increased military spending. flag Supported by significant investments in R&D and capital expenditure, the sector has attracted Rs 3,600 crore in equity over the past three years, boosting capabilities and order books, which are expected to rise to Rs 55,000 crore. flag Growth is led by electronic warfare, C4 systems, and aerospace components, with stable operating margins of 18-19% and healthy balance sheets. flag Despite rising working capital needs, debt levels remain controlled, and the private sector’s revenue share in defence is expanding.

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