When the Union Budget 2024-25 was presented, the defence allocation crossed Rs 6.21 lakh crore - the largest defence budget in India's history, and nearly 13% of total government expenditure. The announcement made headlines. Defence stocks moved. But for most readers, the story ended there: a big number, a few stock tickers turning green, and...
The "Quiet Exit" is here. While the world was watching China, India executed a surgical, $50 billion liquidation of U.S. Treasuries to build a "Gold Fortress." From the midnight repatriation of 274 tons of gold to the rise of the internationalized Rupee, India is dismantling its reliance on the dollar to secure absolute sovereignty. Discover how the world’s fastest-growing economy is swapping paper promises for physical metal and what this "Silent Divorce" means for the future of global markets.
The Indian Defence Ministry, led by Rajnath Singh, has introduced the fifth positive indigenisation list, featuring 346 items to be procured domestically, cutting import dependence. This move aligns with India's goal of self-reliance, or "aatmanirbharta," in defence. Despite the announcement, DPSU stocks like HAL and BEL saw declines. The shift aims to boost the economy, support MSMEs, and improve defence capabilities through in-house development and industry collaboration. Indigenisation efforts now cover 36,000 items, with over 12,300 already indigenised.
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