Fiscal policy

February 6, 2013 - 12:43pm

India’s defense minister AK Antony has confirmed that military spending will be cut in the budget for the next fiscal year (April 2013 through March 2014). “The [Indian] government is passing through a difficult phase; the recession is affecting us,” said Antony in response to a question from AIN during a packed press conference at Aero India today.

 
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