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India raises defence budget to $72.6 bln amid tensions with China

India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter jets and roads along its tense border with China, Reuters reported. Finance Minister Nirmala Sitharaman allocated 1.63 trillion rupees for …

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