India hikes defence spending

Published: 28th February 2013 01:21 PM  |   Last Updated: 28th February 2013 01:21 PM   |  A+A-


India Thursday hiked defence spending to Rs.203,672 crore, marking an increase of five percent over the outlay of 2012-13 at Rs.193,407 crore.

Finance Minister P. Chidambaram announced the hike during his budget speech in Lok Sabha.

Of the total defence outlay for 2013-14, he said, Rs.86,741 crore will be for capital expenditure.

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