India Raises Defence Spending 7 pct, Eyes Purchases
Published: Wed Mar 1st, 2006Source: in.today.reuters.com
NEW DELHI (Reuters) - The government raised its defence spending on Tuesday by a modest 7 percent for the next fiscal year, aiming to fund ambitious plans to modernise its 1.3 million-strong military, the fourth largest in the world.India's armed forces have been on a shopping spree over the last few years, looking for new fighter and trainer jets, submarines, an aircraft carrier, artillery systems and radars despite slow moves to make peace with arch rival Pakistan.
Defence experts say the forces need to modernise and upgrade their mostly Russian vintage equipment as Pakistan and giant neighbour China -- both of whom have fought wars with India -- remain threats.
» Read the full article...
TAGS:
Recent News Articles
Friday, November 20, 2009
Wednesday, November 18, 2009
Tuesday, November 17, 2009
Monday, November 16, 2009
Sunday, November 15, 2009
Saturday, November 14, 2009
Thursday, November 12, 2009
Wednesday, November 11, 2009
Monday, November 9, 2009
Saturday, November 7, 2009
Thursday, November 5, 2009
