Valuations in defence sector are comparatively high, but there is growth to justify: Fund manager

Despite high valuations, the defence sector in India is expected to see growth that justifies these prices. Fund managers note that ongoing government initiatives and increased defence spending are likely to boost revenues for key players. Investors are encouraged to look beyond current valuations and consider long-term potential, especially with global trends in defence procurement and technology advancement. The sector remains a focal point for institutional investments as it evolves.