India Earmarks Record Defense Spending For Domestic Companies

 Indian Defense Minister Rajnath Singh speaks at Aero India 2023.

 Indian Defense Minister Rajnath Singh speaks at Aero India 2023.

Credit: Manjunath Kiran/AFP/Getty Images
BENGALURU, India—India will direct three-fourths of its defense budget to purchasing new equipment for domestic industry in fiscal 2023-24, Defense Minister Rajnath Singh said here at Aero India 2023. That amount sets a record for India, but the figure was already high. Last year the government...

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