Modi touts India's defence growth on Kargil Diwas
Analysis based on 13 articles · First reported Jul 26, 2026 · Last updated Jul 26, 2026
The speech reinforces positive sentiment towards India's defence sector, potentially benefiting companies like Mazagon Dock Shipbuilders and DRDO's ecosystem. However, as a routine commemorative address, market impact is limited.
On July 26, 2026, Indian Prime Minister Narendra Modi delivered the 136th episode of his monthly radio program 'Mann Ki Baat' on Kargil Vijay Diwas, commemorating India's 1999 victory over Pakistan in the Kargil War. He paid tribute to fallen soldiers and highlighted India's growing indigenous defence capabilities. Modi cited the recent commissioning of INS Mahendragiri, a stealth frigate built by Mazagon Dock Shipbuilders with over 75% indigenous content, and successful tests of the Pinaka Long Range Guided Rocket and Kusha missile by the India — Defence Research and Development Organisation (DRDO). He also noted a major agreement with Indonesia for BrahMos and Astra missiles, positioning India as a trusted global defence partner.
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