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Category: Research Notes

Defence continues to be a key growth vector for India, backed by growing exports and Aatmanirbhar Bharat.

Defence manufacturing in India continues to break new records year after year, with the country’s total defence output reaching INR 1.27 lakh crores in FY2024, growing by approximately 17% from FY2023, and nearly 60% since FY2020, representing an annualized growth rate of approximately 12.6%. With INR 6.2 lakh crores in military spending, India is currently…
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Navigating IT Sector Skepticism: A Case for Optimism

Amidst declining revenue and growth skepticism around IT industry fueled with low Revenue per employee reports, the industry outlook on IT has suffered, but all is not lost as the IT opportunity remains and the current regime is just a strategic shift observed for short terms. Resilient IT firms are adapting, with consulting businesses achieving…
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