The government announced on Saturday a modest 7.9 percent increase in defence spending for the fiscal year starting April 1, suggesting that it will move only gradually with the military's long wish list for fighter jets, ships and artillery. After years of neglect, India is trying to narrow the military gap with China, which has been building up its fleet of ships and submarines making forays in the Indian Ocean. Read our full coverage on Union Budget Finance Minister Arun Jaitley, unveiling the federal budget for 2015-16, said defence spending will rise to Rs 2.47 lakh ...
India raises defence budget modestly as it faces China challenge
India is trying to narrow the military gap with China, which has been augmenting its naval presence in the Indian Ocean