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Defence spending seen rising 10 percent to $36 billion in 2014/15

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's defence spending is expected to rise 10 percent to 2.24 trillion rupees in 2014/15, Finance Minister P. Chidambaram said in an interim budget presented on Monday.

India is a top market for defence hardware, buying some $12.7 billion in arms during 2007-2011, according to the Stockholm International Peace Research Institute.

For full coverage of Interim Budget 2014, click http://reut.rs/1nFHV3c

(Reporting by Krishna N Das; Editing by Angus MacSwan)

 

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First Published: Feb 17 2014 | 1:54 PM IST

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