The Economic Times News

Record order books, rising exports: Nirmal Bangs Jyoti Gupta on why defence remains a long-term growth story

Indias defence sector is in a strong multi-year upcycle, backed by record order books, rising indigenisation and export demand, says Nirmal Bangs Jyoti Gupta. While execution will remain milestone-driven and lumpy, structural growth, stable margins and higher budget support keep outlook positive. HAL, BEML, Data Patterns and Solar Industries remain key picks.