India's military procurement plans are likely to be hampered by a minimal budget increase in the next financial year. India has proposed increasing its defense spending by 10% to 2.24 trillion rupees ($36.2 billion) in its 2014-15 fiscal year starting April 1, but the amount earmarked for new weapons systems has been increased by only 3.2%. With a weakening rupee, the defense budget in dollar terms for new weapon systems has actually fallen to $14.49 billion from last year's allocation of ...
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