Saturday, March 01, 2008

India's Big Arms Deal Bonanza

By Cernig

India has increased its defense budget by 10% and plans to spend $30 billion on arms imports in the next four years. That includes increasing it's deisel sub collection by six more on top of the half dozen it bought in Europe last year, building a nuclear sub, buying an aircraft carrier and a $12 billion purchase of 126 new fighter jets.

Now you know why Gates was in India this week.

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