India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13 per cent up from the previous period’s initial estimates, aiming to add more fighter jets and roads along its tense border with China. Finance Minister Nirmala Sitharaman allocated 1.63tr rupees for defence capital outlays — an expenditure that would include new weapons, aircraft, warships and other military … Continue reading India raises defence budget to $72.6bn amid tensions with China