India to boost defense spending 13%, with billions for new weapons
Summary by Ground NewsIndia set aside 1.62 trillion rupees ($19.87 billion) for procurement of new weapons and platforms in fiscal year 2023-24. Of this, defense is allocated at INR 5.93 trillion, or about 13% of the total. This includes INR 1.38 trillion for defense pensions.
Published 2 months ago · India
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