Interesting changes are happening in India's defence sector. Some things to note: š¹The Nifty India Defence Index has skyrocketed by 179.3% over the past year! š¹FY 2023-24: Highest ever production at ā¹1.27 lakh crore š¹Massive growth: 16.7% year-on-year increase ā Major STRUCTURAL SHIFT underway: - Public sector: Still dominant at 79.2% of production - Private sector: Now 20.8% (up from almost nothing a decade ago!) Major players- ā¢ Public giants: Hindustan Aeronautics, Bharat Electronics ā¢ Private players: L&T, Tata Advanced Systems As private players increase their share we'll see Increased R&D, improved efficiency, and a more robust manufacturing ecosystem. Is the sector worth exploring?
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