India is perpetually caught in a trap where a large military will continue to draw on a meagre budget for salaries and pensions, rather than spend on modernisation February 01, 2024 / 05:12 PM IST The hike is a meagre one and India’s defence budget remains one of the lowest in percentage terms. Tags: #Budget #Nirmala Sitharaman #opinion first published: Feb 1, 2024 05:12 pm Discover the latest business news, Sensex, and Nifty updates.