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India to spend $40 bln on defence in 2015/16 - finmin

NEW DELHI, Feb 28 (Reuters) - India plans to spend 2.46 trillion rupees ($40 billion) on the defence sector in 2015/16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

For highlights of India's budget: ($1 = 61.6489 Indian rupees) (Reporting by New Delhi bureau)