New Delhi, Feb. 16 -- India's defence sector is entering a multi-year growth phase, supported by a sharp rise in government capital spending, accelerating indigenisation, and a robust order pipeline, believes domestic brokerage house Antique Stock Broking.

As per the brokerage, the Union Budget for FY26-27 has earmarked a record Rs.7.84 lakh crore for defence, accounting for nearly 15% of total budgeted expenditure and marking a 15% year-on-year increase. Importantly, capital outlay has been raised by 21.8% over FY26 estimates to Rs.2.19 lakh crore. Moreover, last week, the Defence Acquisition Council cleared capital acquisition proposals worth Rs.3.60 lakh crore to enhance the combat readiness of the armed forces, further raising invest...