India eyes closing massive 114 Rafale fighter deal by financial year end: Defence Secy
A defence development with market-wide reach.
· Business Today Mkts
Speaking on the progress of the multi-billion-dollar deal, Defence Secretary Rajesh Kumar Singh confirmed that formal evaluation of the bids submitted under the Request for Proposal (RFP) stage is underway.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.