New Delhi, June 6 -- Revenue of private sector companies in India's defence industry is expected to grow 15-16 per cent this fiscal - matching last year's performance - supported by a healthy order book of approximately Rs 50,000 crore and the government's drive to source 75 per cent of India's defence requirements domestically under the Atmanirbhar Bharat initiative, according to Crisil Ratings.

An analysis of 24 companies accounting for approximately 42 per cent of private defence industry revenue underpins the assessment.

These companies have logged a compound annual growth rate of 26 per cent over the past five years, backed by government schemes including Innovations for Defence Excellence (iDEX), the Positive Indigenisation List, ...