July 6,2009
India on Monday said defence spending would grow by 25 percent in 2009-10 to $29.39 billion as it
moves to modernise weapons systems and overhaul its security forces after last year's Mumbai
attacks exposed major gaps.
Additionally, the country will spend $562 million exclusively for boosting border security and
modernising its police force, Finance Minister Pranab Mukherjee said while reading the budget on
Monday.
"Significant augmentation in the strength of the paramilitary forces is being done. This calls for more
investment in creating the necessary infrastructure," Mukherjee said.
India's final proposed defence spending was nearly 2 percent higher than what was announced in
February's interim budget, given ahead of the April/May general election.
Source: http://in.news.yahoo.com/137/20090706/744/tbs-defence-budget-up-25-percent-after-m.html
India on Monday said defence spending would grow by 25 percent in 2009-10 to $29.39 billion as it
moves to modernise weapons systems and overhaul its security forces after last year's Mumbai
attacks exposed major gaps.
Additionally, the country will spend $562 million exclusively for boosting border security and
modernising its police force, Finance Minister Pranab Mukherjee said while reading the budget on
Monday.
"Significant augmentation in the strength of the paramilitary forces is being done. This calls for more
investment in creating the necessary infrastructure," Mukherjee said.
India's final proposed defence spending was nearly 2 percent higher than what was announced in
February's interim budget, given ahead of the April/May general election.
Source: http://in.news.yahoo.com/137/20090706/744/tbs-defence-budget-up-25-percent-after-m.html
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