Indian Defense Budget To Prioritize Investment In Domestic Companies

India
Credit: Money Sharma / AFP / Getty Images
LONDON—Indian defense spending is set to rise by 4.4% next year to INR5,252 billion ($70 billion) with the new budget plan emphasizing investment in indigenous programs and the local industrial base. Although the rate of growth for the new budget is well below the 7.8% average seen over the past...

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