While we are quite positive on the A-1s coming in, the orders that we have seen coming in from February and these are big orders such as Pinaka in February, and then in March recently Cabinet Committee of Security has cleared the 7,000 crores procurement of ATAGS howitzer, so these are all welcome. However, the much overlooked piece is the reforms in the capital acquisition process.
Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip Bandyopadhyay
Foreign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also a major concern