Credit: Rob Edgcumbe/Stocktrek Images/Alamy/Aviation Week
Earlier this month India announced a 7.1% increase to its defense budget, taking total spending to INR7,847 billion (US$86.1 billion). More importantly, within that increase the capital budget provided to the armed forces—largely to fund equipment procurement—rose by 17.6% to INR2,193 billion. Under...
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Budget Brief: Indian Modernization Spending Rising At Last is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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