SOURCE: Ajai Shukla / Business Standard The conspicuously modest rise in the defence budget for 2018-19 highlights the mismatch between India’s grandiose strategic ambitions and our limited ability to fund them. Defence allocations, including military pensions, will rise by a token 8.1 per cent from the current year’s revised estimates of Rs 3.74 trillion ($58.45 billion) to […]
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