India approves $22.2 billion in defence acquisitions

India approves $22.2 billion in defence acquisitions. This marks one of the largest defence capex clearances, boosting domestic manufacturing under the 'Make in India' initiative. The move is expected to benefit public and private defence players, with long-term implications for the sector. The approved proposals include advanced missile systems and naval vessels.

📊 STOCKS: | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Defence