Previously, the Indian government, engaged in a massive programme to upgrade the country’s ageing military hardware, increased defence spending to Rs1.93 trillion rupees ($40 billion) for the financial year that ended in March 31, 2013. PHOTO: AFP/FILE
Indian Finance Minister P Chidambaram announced that the defence budget was being raised to a staggering Rs2.24 trillion — with about Rs8.9 billion set aside for acquisitions by the armed forces and Rs1.34 trillion earmarked for payment of salaries and pensions and other expenses.
In comparison, Pakistan jacked up its defence spending by 15 per cent for the current fiscal year, raising it to Rs627.2 billion from a previous Rs545.3 billion, citing the ongoing war on terrorism.
To whom india wants to fight while its people are poverty stricken
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