According to the brokerage, the global and Indian defence spending is on an upswing, driven by multiple conflicts worldwide. India's defence budget is expected to grow at double digits, while the private sector could outpace industry growth, supported by government's focus on indigenisation and an increasing role in exports.
According to the brokerage, the global and Indian defence spending is on an upswing, driven by multiple conflicts worldwide. India's defence budget is expected to grow at double digits, while the private sector could outpace industry growth, supported by government's focus on indigenisation and an increasing role in exports.
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