Wednesday, February 27, 2008

Modest boost is predicted for defence in the Union Budget 2008-2009

India's defence expenditure is likely to be hiked by between 8 and 10 percent in this year's budget. However, the majority of the fund will be meant for military modernization, not on the betterment of the armed forces. India, one of the biggest arms buyers, is planning one of its biggest ever arms purchases, a $10 billion deal to buy 126 fighter jets.

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