HomeNewsOpinionFor defence stocks, capex spends are slowly but steadily improving

For defence stocks, capex spends are slowly but steadily improving

R. Sree Ram • February 03, 2022 / 08:51 IST

Compared to an annual average expansion of 5.1 percent between FY13 and FY18, capital outlay on defence is projected to rise 11 percent per annum in the five years to FY23.

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