New Delhi [India], October 27 (ANI): India’s aerospace and defense market is set to expand significantly, with rising government approvals reinforcing a larger Total Addressable Market (TAM), according to a report by Goldman Sachs.The report noted that the Defense Acquisition Council (DAC) on October 23 approved proposals worth Rs 790 billion for the Navy, Army, and Air Force, which highlights the government’s continued focus on strengthening defense capabilities.It stated, “India Aerospace & Defense: Rs 790bn worth of AoNs reinforces our belief in increasing TAM (Total Addressable Market)"With this approval, the cumulative Acceptance of Necessity (AoN) for FY26 so far stands at Rs 2.5 trillion, surpassing the Rs 2.3 trillion recorded in the entire FY25.Goldman Sachs said the higher level

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