Success of indigenous systems on battlefield & expectation of increased military spending behind positive investor sentiment. But past flashpoints show such rallies can unwind quickly.
Akashteer was jointly developed by the Defence Research and Development Organisation (DRDO), Indian Space Research Organisation (ISRO), and Bharat Electronics Limited (BEL).
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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