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India's Defence Push Set to Boost Metal Stocks: 3 Key Beneficiaries
With India’s defence sector poised for significant growth, companies like BEL and HAL are positioned to benefit from increased government spending and expansion in defence production.
India’s push to become a global defence manufacturing hub is set to reshape the order books, valuations, and growth trajectories of key players in the sector. The Defence Ministry’s plans to increase the defence budget by 20% in FY27, combined with the recent approval of proposals worth ₹670 billion for the Indian Army, Navy, and Air Force, signal robust growth in the defence manufacturing sector.