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Exclusive: Austerity in India - Defense and welfare spending to be slashed

A worker drives a roller on a road tarmac under construction in the western Indian city of Ahmedabad January 29, 2013. REUTERS/Amit Dave

A worker drives a roller on a road tarmac under construction in the western Indian city of Ahmedabad January 29, 2013. REUTERS/Amit Dave

A worker drives a roller on a road tarmac under construction in the western Indian city of Ahmedabad January 29, 2013. REUTERS/Amit Dave
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The Indian Army's BrahMos missile launchers are displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo. REUTERS/B Mathur/Files

The Indian Army's BrahMos missile launchers are displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo. REUTERS/B Mathur/Files

The Indian Army's BrahMos missile launchers are displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo. REUTERS/B Mathur/Files
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A surface-to-surface Agni V missile is displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo.REUTERS/B Mathur/Files

A surface-to-surface Agni V missile is displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo.REUTERS/B Mathur/Files

A surface-to-surface Agni V missile is displayed during the Republic Day parade in New Delhi in this January 26, 2013 file photo.REUTERS/B Mathur/Files
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A truck carrying construction material drives at a road construction site on the outskirts of Jammu January 30, 2013. To match Exclusive INDIA-BUDGET/CUTS

A truck carrying construction material drives at a road construction site on the outskirts of Jammu January 30, 2013. To match Exclusive INDIA-BUDGET/CUTS

A truck carrying construction material drives at a road construction site on the outskirts of Jammu January 30, 2013. To match Exclusive INDIA-BUDGET/CUTS
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A worker carries surveying equipment at a road construction site on the outskirts of Jammu January 30, 2013. REUTERS/Mukesh Gupta

A worker carries surveying equipment at a road construction site on the outskirts of Jammu January 30, 2013. REUTERS/Mukesh Gupta

A worker carries surveying equipment at a road construction site on the outskirts of Jammu January 30, 2013. REUTERS/Mukesh Gupta
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A labourer works at a road construction site in the western Indian city of Ahmedabad January 30, 2013. REUTERS/Amit Dave

A labourer works at a road construction site in the western Indian city of Ahmedabad January 30, 2013. REUTERS/Amit Dave

A labourer works at a road construction site in the western Indian city of Ahmedabad January 30, 2013. REUTERS/Amit Dave
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