New Delhi, Sept. 23 -- HAL, Bharat Dynamics, BEML, to BEL: India's domestic defence sector is well positioned to deliver sustained growth in coming years, supported by policy support, increased private sector participation and rising export capabilities. Defence players like Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), BEML Limited are poised to benefit from India's defence ecosystem, according to Emkay Global research.

India's defence production is likely to reach a record Rs.1.8 trillion and exports surged to Rs.380 billion in the financial year 2025-26. The target for the year 2026 is Rs.3 trillion worth of production and Rs.500 billion worth of exports.

Emkay Global Financial Services gave a 'Buy; rating to...