India approves defence acquisitions worth ₹3.60 lakh crore

India's Defence Acquisition Council has cleared proposals worth ₹3.60 lakh crore to enhance military readiness. Key approvals include Multi Role Fighter Aircraft (MRFA) and advanced combat missiles, aimed at boosting the Indian Air Force's capabilities. This move is expected to significantly impact the defence sector and related industries in India.

• MRFA acquisition to enhance air dominance

• Combat missiles to improve strike accuracy

• Most aircraft to be manufactured domestically

Immediate market implications may arise as defence stocks react to this substantial government commitment.

Not investment advice. For informational purposes only.