India’s Defence Sector Presents Long Runway of Growth Says JP Morgan Report

JPMorgan has emphasised the significant growth potential of India’s defence sector, initiating coverage on major companies such as Bharat Electronics Ltd. (BEL), Hindustan Aeronautics Ltd. (HAL), and Mazagon Dock Shipbuilders. The firm projects a long runway of growth driven by several key factors.India’s defence capital expenditure is expected to rise dramatically from approximately $85 billion
JPMorgan has emphasised the significant growth potential of India’s defence sector, initiating coverage on major companies such as Bharat Electronics Ltd. (BEL), Hindustan Aeronautics Ltd. (HAL), and Mazagon Dock Shipbuilders. The firm projects a long runway of growth driven by several key factors.India’s defence capital expenditure is expected to rise dramatically from approximately $85 billion
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