From indigenous nuclear submarine Arihant to K9 Vajra guns, L&T, under chairman Naik, who joined firm as junior engineer, is now betting big on defence.
In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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