India Increases It's Defense Budget By 12%

Indian Defense Budget Gets 'Hefty' Rise -- UPI

NEW DELHI, March 3 (UPI) -- India raised its defense budget by more than 11 percent in the face of China's growing military might.

The increase to $36.5 billion for 2011-12, from $32.74 billion this year, includes a 12 percent boost in capital spending for equipment and services.

From next month, capital spending will rise from $13.33 billion this year to nearly $15.4 billion, Indian Finance Minister Pranab Mukherjee said in his presentation of the budget to the country's Parliament, the Lok Sabha.

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More News On India's Defense Budget

India announces defence spending increase of 12 per cent -- Jane's Defense
With an eye on China, India steps up defence spending -- Reuters
India hikes defence spending by 12 percent -- Daily Times
India Boosts Defense Spending by 11% -- NTD Television

More News On India's Defense Budget

India announces defence spending increase of 12 per cent -- Jane's Defense
With an eye on China, India steps up defence spending -- Reuters
India hikes defence spending by 12 percent -- Daily Times
India Boosts Defense Spending by 11% -- NTD Television
11 percent hike in defence budget to push modernisation -- Sify News
India plans to increase defense spending by 11 percent next year -- RIA Novosti
India hikes defense budget -- Xinhuanet
Defence Budget sees 11.6% increase -- Business Standard

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