Overview

• The Modi government has summoned top defence manufacturers, including Bharat Forge and HAL, to a meeting next week in New Delhi to discuss ramping up production amid escalating India-Pakistan tensions.
• Defence stocks, including Bharat Dynamics, Bharat Electronics, HAL, and drone makers like ideaForge, have surged by up to 17%, reflecting investor confidence in increased military procurement.
• India's Operation Sindoor deployed Harop suicide drones to neutralize Pakistan's HQ-9 air defence systems, with reports of further strikes targeting key locations like Karachi and Lahore.
• Pakistan's retaliatory drone and missile attacks on Indian cities were successfully intercepted by India's integrated air defence network, highlighting the role of indigenous systems like Akash missiles.
• The FY26 defence budget, with Rs 1.8 lakh crore allocated for capital expenditure, underscores India's long-term focus on modernizing its military and boosting domestic defence manufacturing.