Rising India-Pakistan tension & an expectation of domestic firms getting major orders from armed services spark a market rally for both govt & private defence firms.
Defence exports grew by 12.04% year-on-year. MoD says 1,762 export authorisation were issued in FY2024-25 compared to 1,507 in the preceding financial year.
Mazagon Dock Shipbuilders has been without a head since Feb this year due to power struggle between naval officers and civil servants on criteria of qualifications.
Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
COMMENTS