India’s military procurement plans are likely to be hampered by a minimal raise in budget allocation for acquisition in the next financial year. Though India has proposed increasing its defense spending by 10% to 2.24 trillion rupees ($36.2 billion) in its 2014-15 fiscal year, which begins April 1, the capital allocation earmarked to buy new arms and weapons systems has been increased by only a paltry 3.2%, or 28.47 billion rupees, to 895.87 billion rupees. The remaining 1.34 ...
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