India’s private defence companies set to clock 16-18% revenue growth this year: Crisil

India's private defence sector is poised for substantial growth this fiscal year, projecting a 16-18% revenue increase. This surge is propelled by robust domestic demand and supportive government policies. The sector's expansion builds upon a strong CAGR of approximately 20% from fiscal years 2022-25, fueled by significant investments in R&D and capital expenditure.