Operation Sindoor triggers 328% surge in defence spend driving May capex, says Jefferies – Here’s why and how
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Operation Sindoor triggers 328% surge in defence spend driving May capex, says Jefferies – Here’s why and how
India’s defence capital expenditure surged 328 per cent year-on-year in May 2025, largely driven by the government’s post-Operation Sindoor push for indigenisation.
·Uttar Pradesh, India
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