Defence Minister Rajnath Singh targets boosting India's defence exports to over Rs 50,000 crore by 2028-2029, leading to a surge in defence stocks.
Defence stocks surge after Defence Minister Rajnath Singh reiterates focus on localisation and targets boosting exports. Singh aims to raise India's defence exports from Rs 21,083 crore in FY2023-24 to over Rs 50,000 crore by 2028-2029, demonstrating the government's determination to establish India as a leader in the world of defence. This announcement led to a significant surge in shares of defence companies listed on Dalal Street.
June 14, 2024
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