Defence revenue seen rising 15–17% in FY26, Icra says strong order book and localisation to lift margins, capital outlay hits Rs 1.92 lakh crore

NEW DELHI: India’s defence manufacturing sector is expected to witness 15–17% revenue growth in FY2025–26, driven by a strong execution pipeline, robust order book position, and sustained government focus on domestic procurement, according to a report released by Icra on Tuesday.The industry’s order book to […]