As the first decade of the 21st century ended, India-Republic of Korea (ROK) relationship has assumed robustness in almost all dimensions – political, cultural and economic. As both countries enter the new year, a new dimension – security and strategic – that began in the preceding decade is likely to be seen in the expanding military cooperation, that began in the closing months of the preceding year. The foundation for such a relationship is already in place as both countries have identified a convergence of interests.
India’s Defence Budget 2011-12
The defence budget for 2011-12 has not been unduly impacted by the fiscal consolidation process, and reflects the MoD’s ability to spend resources within the stipulated time.