India's capital expenditure is projected to rise significantly by FY2030. Private sector investment is expected to accelerate, driven by domestic demand and policy support. Central government spending will continue focusing on infrastructure and defence projects. Multiple investment drivers are anticipated to make the capex cycle more resilient. Gross foreign direct investment trends also indicate improving investment patterns.

India's defence capex is expected to reach ₹2.8 lakh crore by FY30, driven by indigenisation, exports, drone spending and rising domestic procurement, says Kotak.

India's defence capital expenditure is projected to grow eleven percent annually until FY2030. Domestic defence exports have grown fifty times over the past decade. …