How much Foreign Direct Investment FDI in country rsquo s defence sector was proposed in the Union B...........

General Knowledge (CLAT) Economy

How much Foreign Direct Investment (FDI) in country’s defence sector was proposed in the Union Budget 2014-15 presented on 10 July 2014?

51%

49%

29%

10%

Explanation:

India on Thursday raised military spending for 2014-15 to Rs 2.29 lakh crore, marking an increase of 12.5 per cent over the previous fiscal, and opened the domestic defence industry to 49 per cent foreign direct investment to boost the development of indigenous hardware.