These defence stocks with strong order books gained up to 122 per cent in 2022, so far!

Between 2016 and 2021, India’s defence manufacturing industry experienced a CAGR of 4 per cent. By 2025, the government expects to have a USD 25 billion turnover, of which, USD 5 billion will come from the export of goods & services related to aerospace and defence.

India’s defence sector is a crucial one from a strategic perspective. Apart from the United States and China, India boasts of one of the largest armies in the world and the fourth-highest yearly defence budget. Ministry of Defence was allocated USD 70.6 billion as part of the Union Budget 2022–2023. India ranks third among the countries that spend the most on their armed forces, with its spending making up 2.15 per cent of its GDP. The amount of India’s defence imports were USD 463 million in FY20 and nearly USD 469.5 million in FY21. India’s self-reliance plan has been targeted by the government for the defence and aerospace sectors with a strong emphasis on the building of domestic manufacturing infrastructure, supported by the required research & development environment.

Between 2016 and 2021, India’s defence manufacturing industry experienced a CAGR of 4 per cent. By 2025, the government expects to have a USD 25 billion turnover, of which, USD 5 billion will come from the export of goods & services related to aerospace and defence. In a more optimistic way, the nation’s defence exports have seen a significant rise during the past two years. In India, the government owns 80 per cent of the domestic defence industry. 

Below is a complete list of defence stocks with strong order books that have gained up to 122 per cent in 2022, so far: