Defence Production Likely to Exceed ₹2 lakh cr
Pre-budget whispers predicted an 8% year-on-year growth in defence capital expenditure, emphasising AI, drones, and missiles. There were hints of a ₹93 million US deal for Javelin/Excalibur systems as an interim measure, with a strong push for indigenization. Analysts spec
Pre-budget whispers predicted an 8% year-on-year growth in defence capital expenditure, emphasising AI, drones, and missiles. There were hints of a ₹93 million US deal for Javelin/Excalibur systems as an interim measure, with a strong push for indigenization. Analysts speculate this could lead to defence production exceeding ₹2 lakh crore and exports hitting ₹30,000 crore by March 2026.
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