India approves ₹2.38 lakh crore defence acquisition boost
pre-market1 source ↓written by the desknot a recommendation
- military upgrade
- ₹2.38 lakh crore
The Defence Acquisition Council approved a ₹2.38 lakh crore military upgrade, including five S-400 missile systems and remotely piloted strike drones. This acquisition aims to enhance the Indian Air Force's capabilities against hostile threats, significantly improving air defense and operational effectiveness.
This move is expected to bolster defense sector sentiment and may attract investments in related industries.
Not investment advice. For informational purposes only.