The minister added, "I fully credit the people of India for this... Even amid adversity, we were able to stand up and be recognised as the fastest growing economy."
The minister said that defence research and development will be opened up for the industry, startups and academia with 25 per cent of the defence research and development budget earmarked.
Washington: US President Donald Trump has agreed to a request from Defence Secretary James Mattis to propose a defence budget of $750 billion for the coming year, according to an administration official. Last week, Trump appeared to call the Defence Department budget of $716 billion “crazy” in a tweet. The next day Mattis and key […]
China on Wednesday announced a hefty hike of 12.2 per cent in its defence budget for the world's largest armed forces to USD 132 billion, the biggest rise since 2011 and nearly four times that of India's military expenditure