Defense expenses: The defense sector is in the market focus today. In fact, Defense Minister Rajnath Singh has announced today that the defense export will increase more than double in the next 5 years. The Defense Minister has said that India has become an importer to exporter in the defense sector. India will export a defense of Rs 50,000 crore in the next 5 years. Today in Bangalore, Defense Minister Rajnath Singh has announced that this year defense companies will export Rs 21,000 crore. The country has become self -sufficient and self -sufficient to exporter in terms of defense product.
From where the defense export is getting power
The Modi government is increasing the budget of defense every year. 6.81 lakh crore (9.53% more) has been allocated in the budget for FY 2026. The Modi government has a focus on more purchases than domestic companies. For this, the government has made a negative list of 1138 defense items. Modernidation, allocation on R&D is a big focus on becoming self -sufficient. Indian companies are currently exporting equipment to more than 100 countries. Dedicated corridors have been created to promote manufacturing. Now the focus of companies is on UAV, AI and electronic war.
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Which countries from defense agreement
India has tied up the Philippines to export the Brahmos missile. The talk of Brahmos missile’s export with Indonesia is also going on. Armenia has been exported to Akash and Pinaka missile system. Guyana Defense has been given Dornier 228 aircraft. Nigeria has bought 4 LCH helicopters from HAL. HAL will give Tejas Mk 1A fighter jet to Brazil. Vietnam, UAE and African countries also continue to talk.
How is market trick
Talking about the market, there is a decline in the Sensex-Nifty for the fourth consecutive day. The Nifty slipped more than 200 points to below 23350. Bank Nifty is also weak. Midcap and smallcap are seeing heavy selling. The midcap index is about 1200 points broken. Fear Index India Vix has jumped about 6 percent. On steel and aluminum, there has been heavy selling in metal shares due to fear of trump’s 25 % tariff. The metal index slipped about three percent. Vedanta, SAIL and NALCO have fallen over 4 percent. Also, realty, pharma capital goods have also declined.