India, June 5 -- India's aerospace and defence sector, valued at USD 27.1 billion in 2024, is expected to double to USD 54.4 billion by 2033, growing at a CAGR of around 7%. Growth is fueled by modernisation, domestic manufacturing initiatives, and increasing exports, positioning India as a global defence technology hub.

In May, the Nifty Defence index surged 22 per cent, climbing from 7,120 to 8,685.60 points. This sharp rally reflects rising global focus on defence. Firstly, NATO defence ministers are scheduled to meet in Brussels to respond to U.S. President Donald Trump's demand for higher military spending, urging allies to boost defence budgets to 5% of GDP, up from the current 2%, ahead of the Hague summit.

Secondly, after a brie...