With the government’s strong push for indigenisation and rising geopolitical focus on self-reliance, private players are expected to play a central role in shaping the future of defence manufacturing, exports, and innovation.
Market expert Gurmeet Chadha, Managing Partner & CIO at Complete Circle, highlighted this potential in a recent post on X, describing defence technology as one of the “themes of the decade,” and said he foresees at least 2–3 companies reaching the $500-billion club in the next 5–8 years.
“I foresee at least 2–3 companies getting into the $500-billion club in the next 5–8 years,” Chadha wrote, suggesting that defence could emerge as a crucial piece in these conglomerates’ long-term market-cap expansion plans.
He added that there will be significant collaboration and IP-related tie-ups, reinforcing the view that defence technology will be a key growth driver over the coming decade.
“Big corporate groups like Tata, M&M, Adani, RIL, and others can announce major defence plans and JVs over the next couple of months,” he added.With large business groups already ramping up investments, forming joint ventures, and exploring export opportunities, Gurmeet Chadha is confident that defence technology is poised to move from a niche business to a core revenue stream, potentially reshaping the pecking order of India’s corporate giants in the coming years.The analyst’s comments also come at a time when the government is intensifying its push for indigenisation under the ‘Atmanirbhar Bharat’ initiative, encouraging private participation and building self-reliance in defence production.
Also read: Sovereign gold bond one of dumbest government borrowing programs in world: Fundoo Professor
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
as a Reliable and Trusted News Source