Published 07:38 IST, June 26th 2024

Private Defence Sector Poised for 20% Revenue Surge Amid Increased Government Spending: Report

Government initiatives like Defence Production and Export Promotion Strategy have boosted order books, pushing the order to income ratio to an estimated 4.5x.

Reported by: Yuvraj Tyagi
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Indian Army Soldiers
This growth is driven by heightened government spending and initiatives promoting private sector participation. | Image: ADGPI
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07:38 IST, June 26th 2024