India's Budgetary Allocation for Defence Research Falls 6%

September 18, 2015 14:36 IST
Despite Prime Minister Narendra Modi's strong pitch for "Make in India" campaign, India's budgetary allocation for defence research and development went down to Rs 14,358 crore in financial year 2015-16 from Rs 15,283 crore in the previous year, a 6% cut, according to a data of Ministry of Defence. This is in sharp contrast to the rise of a whopping 44% in the budgetary allocation last year compared to Rs 10,610 crore in financial year 2013-14. Credit: KBK