India's defence sector to see revenue grow of 15-17% this fiscal year: ICRA

Indian defence sector is set for strong growth. Revenue may increase by 15-17 percent in FY2026. This is due to good order execution and a large order book. All areas of Defence production will benefit. Government support and local production are key. Profit margins are expected to be healthy. Initiatives like Atmanirbhar Bharat are boosting domestic capabilities and exports.