Lackluster growth looks set to continue for India’s defense budget with spending set to fall to its lowest level in relation to GDP since the 1960s for the 2024-25 fiscal year beginning in April. The budget, which is set at a total of INR6.2 trillion (US$74.7 billion), is equivalent to around 1.9%...
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Budget Brief: Indian Defense Spending Struggles For Growth 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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