Nagpur munitions market sees record profits as economies dip amid conflicts: Report

Explosives and ammunitions makers in Nagpur are seeing record number of sales and profit as global economies are slumping amid uncertainties due to Middle-East and Russia-Ukraine conflicts, TOI reported. Buyers from countries not involved in global conflicts, like Spain, Germany and Vietnam, are reportedly stockpiling weapons. Top demanded items include 155mm calibre shells used in howitzer guns.