Pakistan fires anti-ship missile from China-built Hangor submarine in Arabian Sea. What it means for India
A defence development with market-wide reach.
· Business Today Mkts
The test is significant because it is the first publicly announced live missile firing by the new submarine since it entered Pakistan Navy service earlier this year. Pakistan has not publicly identified the missile used, its range, launch conditions or the precise nature of the target.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.