What Defence Manufacturers Want From Budget 2024-25? Key Stocks To Watch Before The Announcement

Tune into Business Today TV to know about the budget stocks you need to focus on before budget announcement. The allocation of India's defence budget plays a vital role in national security and strategic readiness. In recent years, the Indian government has steadily increased the defence budget to modernize its armed forces and improve their capabilities. For the fiscal year 2023-24, the defence budget is set at approximately Rs 5.94 lakh crores (US$72 billion), up from Rs 4.78 lakh crores (US$58 billion) in 2020-21. This boost is aimed at tackling emerging security challenges and ensuring the armed forces are well-prepared for any threats. Join Business Today TV as anchor Sakshi Batra explores the defence sector's needs and market expert Ambareesh Baliga shares key stocks to monitor.