India on Friday, March 16, 2012 boosted military spending by 17 per cent to $40 billion for the coming year as it seeks to counter China’s rapid military build-up and its traditional rival Pakistan. The government, engaged in a massive programme to upgrade the country’s ageing military hardware, increased defence spending to 1.93 trillion rupees ($40 billion) for the financial year to March 31, 2013.
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| Indian army soldiers during a military parade in New Delhi. |
