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Budget 2023: Defence spending increased by 13% to ₹5.94 lakh crore

  • Defence spending in Budget 2023 was hiked by nearly 13% to ₹5.94 lakh crore.
  • The modernisation budget for the armed forces was also increased – from ₹1.52 lakh crore to ₹1.62 lakh crore.
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