NEW DELHI — India has raised its defense budget for the next fiscal year, contrary to expectations that there would be a reduction in its military spending due to economic strains. The defense allocation for the India’s fiscal year beginning April 1 is being increased by around 5% to 2.03 trillion rupees ($38 billion), from the originally allocated 1.93 trillion rupees for the year ending March 31. In the last quarter of the current fiscal year, the Indian government trimmed defense ...
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