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India to spend $40 billion on defence in 2015/16

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Reuters NEW DELHI

NEW DELHI (Reuters) - India plans to spend 2.46 trillion rupees ($40 billion) on the defence sector in 2015/16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

(Reporting by New Delhi bureau)

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First Published: Feb 28 2015 | 12:19 PM IST

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