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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "India Boosts Defense Budget".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.