India, Feb. 22 -- Global brokerage Goldman Sachs has expressed optimism around India's private defence sector at a time when the country's military spending and localisation efforts are gaining momentum. With defence manufacturing emerging as a key strategic priority under initiatives like Make in India, private players are increasingly drawing investor attention amid rising order visibility and expanding export opportunities.

Strong Domestic Opportunity Backed by Policy Push Goldman Sachs has reiterated its bullish stance on India's private defence sector, citing a massive domestic opportunity of nearly $120 billion. The brokerage believes the government's continued push toward self-reliance in defence manufacturing is increasingly tilt...