Jefferies sees India defence capital spending growth at 16% CAGR
Jefferies estimated India’s domestic defence capital spending could grow at a 16% CAGR, citing rising domestic defence spending and a structural growth phase for listed defence companies.
New Delhi, Sept. 9 -- India's defence sector could be entering a fresh phase of structural growth, with rising domestic defence spending creating a large addressable opportunity for listed defence companies.Jefferies estimated that India's domestic defence capital spending could grow at a 16% CAGR…