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    HAL, BEL top defence PSU picks by Choice 'BUY' calls intact with strong order visibility ☶ GDP & Income Production Theory www.businesstoday.in
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The brokerage believes India's defence sector is at an inflection point, with production expected to nearly triple from Rs 94,845 crore in FY22 to around Rs 3 lakh crore by FY29, implying an 18 per cent CAGR.

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