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[hfe_template id='11223'] [ad_1] The government’s clearance of defence procurement proposals worth Rs 79,000 crore could emerge as a fresh catalyst for India’s defence sector, reinforcing the view that a sustained capital expenditure upcycle is underway as New Delhi accelerates indigenisation under the Atmanirbhar Bharat programme. Analysts say approvals by the Defence Acquisition Council (DAC) are translating into strong multi-year order visibility for domestic manufacturers, while also deepening localisation and expanding private-sector participation. The steady flow of large-ticket clearances is expected to improve execution certainty and earnings visibility, with companies across missiles, defence electronics, unmanned systems, naval shipbuilding and sustainment services seen as key beneficiaries. The capital proposals, cleared during the winter session, have pushed FY26 year-to-date approvals to Rs 3.3 trillion, nearly double the annual defence capital outlay of Rs ...