OpinionIndia's Defence Ecosystem Is Just Starting Up | Open Interest
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India's Defence Ecosystem Is Just Starting Up | Open Interest
With India making a push to strengthen its defence capabilities further, there is a strong argument to be made that this ecosystem could grow tenfold over the next decade.
The defence sector added over Rs 1 lakh crore in market capitalisation since the Pahalgam attack on April 22. (Photo: NDTV Profit)
A basket of 24 listed companies within India’s defence ecosystem is currently valued at just over $16 billion. Notably, this excludes large conglomerates with significant defence operations and unlisted players.With India making a push to strengthen its defence capabilities further, there is a strong argument to be made that this ecosystem could grow tenfold over the next decade. Sector watchers believe that the growth will be driven...