I would argue that India has to still spend at a lot more in terms of defence acquisitions and one of the places where they have done a fairly good job of indigenisation is actually on the naval vessels and coastguard vessels, etc.
IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.