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.
![Indian Army Soldiers](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/all_images/gogm1anxsaa2whr-1719364374430-file_16:9-1719364405399.webp)
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