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India’s military modernisation will continue in its typical slow, haphazard manner without any big bangs, with defence outlay getting a modest 9.5% hike over last fiscal’s budgetary estimates and 6.3% over the revised ones.The defence Budget was pegged at Rs 6.8 lakh crore ($79 billion), which works out to just 1.9% of the projected GDP for 2025-26, when at least …
Read More »Pakistan-China threat looms, no big bang for defence – The Times of India
