New Delhi, June 18 -- Entities in the Indian Defence sector are expected to witness robust growth momentum, with expected revenue expansion of 15-17 per cent in FY2026, according to a report by Investment Information and Credit Rating Agency (ICRA).

This growth is attributed to strong execution progress on the back of a robust order book position and order book/operating income (OB/OI) ratio at 4.4 times as of FY2025 end.

"As per ICRA's analysis, entities across the entire spectrum of Defence production - land, naval, aeronautical, armaments & ammunition and ICT2 - will benefit from the sustained expansion in budgetary outlay since 2015, which is expected to translate into healthy order inflows as the Government continues to increase do...