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Indian government defends 34% increase in Defence budget

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posted on Feb, 17 2009 @ 05:30 AM

Indian defence spending will rise by more than a third to INR1,417 billion (USD32.7 billion) in Fiscal Year 2009, according to the interim budget presented by acting finance minister Pranab Mukherjee on 16 February.

This figure represents a 34.2 per cent increase from the proposed 2008 budget of INR1,057 billion and a 23.6 per cent increase from the revised 2008 defence spending estimate of INR1,146 billion.

More on this story here => Janes Defence

Sounds like India is gearing up for something big... look out Pakistan


[edit on 17-2-2009 by Rock Ape]


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