Budget 2013: Priorities of the Indian armed forces

Finance Minister P Chidambaram will present the Union Budget on Thursday. Given the likelihood of no major increase in defence spending, here is a look at what the priorities of the armed forces are.

After the Rs 14,000 crore cut in defence spending in the last financial year, the buzz is that no major increase is likely in the defence budget for the coming year given that the armed forces have pruned their procurement lists focusing on priority equipment to be acquired.

Read more