A recent report by Crisil highlights a significant forecast for the Indian private defense sector, predicting a revenue growth of 16-18% in FY26, with order books expected to reach Rs 55,000 crore, a 37.5% increase from Rs 40,000 crore in FY25. This growth is attributed to strong domestic demand and substantial government initiatives, including the Make In India campaign, which have encouraged private investments and innovation in defense manufacturing. The report indicates that private defense companies have experienced a robust 20% compound annual growth rate over the past four fiscal years, supported by equity infusions of approximately Rs 3,600 crore, facilitating capital expenditure and research and development. Key segments driving this expansion include electronic warfare systems and command, control, communications, computers, and intelligence systems. Furthermore, the government’s updated Technology Perspective and Capability Roadmap (TPCR-2025) prioritizes advancements in digital and cyber capabilities, further emphasizing the shift towards a more modernized and technologically integrated defense framework. This trend not only strengthens India’s defense manufacturing capabilities but also positions the country favorably in the global defense market, underscoring its commitment to self-reliance and strategic innovation in the sector.