Summary of What Does The Defence Sector Expect From Budget 2024? | Union Budget Expectations

The video discusses the expectations from the defense sector in Budget 2024. The defense stocks have seen significant growth due to Defense Minister Rajnath Singh's plans to boost defense exports and domestic manufacturing. The interim budget for F5 2425 allocated 13% of the budget to defense, with a focus on modernizing the Armed Forces and promoting domestic defense manufacturing. Key themes include indigenization, defense exports, and higher government contracts for acquiring new weapons. The video also highlights the importance of R&D, government policies, and collaboration between PSU and private companies in the defense sector.

Presenters

Notable Quotes

— 14:34 — « any companies who have products or components in this particular space is likely to see more benefit and theres also some investment which will be going towards drone as well as counter drone system so any companies within the space would benefit. »
— 16:43 — « oh its exciting times we live in uncertain but nevertheless very exciting times good luck and hopefully some of those fact uh you know points you mention comes true in this budget. »
— 17:30 — « how important do you think is this as an expectation and do you think its a fair expectation that could potentially be fulfilled in this budget. »
— 22:39 — « however this budget rally is largely uh you can play with but post that how the allocation happens within the defense budget and what is the pipeline which would be converted into order INF something which To Be watchful and you have to take a decision on that. »
— 23:44 — « stay tuned to NTV profit. »

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Business and Finance

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