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Defence sector to grow 20% CAGR during FY 2024-2029
On the backdrop of Atma Nirbhar Bharat - make of india initiative and liberalised FDI norms, which have enhanced domestic manufacturing capabilities, attracted international investments in defence innovation and driven notable growth in exports of military equipment.
Defence sector has grown over last 5 years. It is all set to grow @ 20% CAGR over next 5 years
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