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India raises military spending, eases foreign investment limit in arms industry

India raises military spending, eases foreign investment limit in arms industry

🕔19:17, 10.Jul 2014

NEW DELHI: India boosted defence spending by 12 percent in 2014-15 over the previous year in a budget presented on Thursday and further opened the domestic weapons industry to foreign investment to help rebuild the military and narrow the gap with China.

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