India’s private defence sector is projected to experience a revenue growth of 16-18% in FY25, bolstered by government initiatives like the Emergency Procurement Plan and Atmanirbhar Bharat, which enhance domestic manufacturing and indigenisation. Significant equity investments of ₹3,600 crore over the last three fiscals have strengthened R&D and technological capabilities, particularly in aerospace and electronic warfare. The order book for private firms is expected to rise to ₹55,000 crore by FY2026, reflecting a robust demand driven by geopolitical uncertainties. While challenges such as policy changes and supply chain disruptions persist, the sector’s strong financial health and government support position it as a vital component of India’s defense strategy, aligning with its push for self-reliance and export-driven growth.