India’s values‑based indices still hold missile makers, revealing ESG gaps
The BSE’s Saatvik 100 and NSE’s Ahimsa indexes tout Hindu and animal‑welfare screens, yet their top holdings include missile builders L&T, Bharat Forge and coal giant Coal India. The story shows how India’s thin, liquid stock universe forces values‑based benchmarks to swallow the very “sin” stocks they promise to dodge, raising doubts about ESG rigor.