Question

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

• A. 51%
• B. 49%
• C. 29%
• D. 10%

Answer 1

The correct option is B 49%

• As per the proposed Union Budget, the government has raised military spending for 2014-15 to Rs 2.29 lakh crore, marking an increase of 12.5 per cent over the previous fiscal.
• This has opened the domestic defence industry to 49 per cent foreign direct investment thus boosting the development of indigenous hardware.