India is set to spend a record amount on infrastructure and defense, Finance Minister Nirmala Sitharaman told parliament on Sunday. New Delhi plans to invest $133 billion (€112 billion) in infrastructure and $85 billion on defence — an increase of around 9% and 15%, respectively, compared to last year's budget. The finance minister also announced that the government will scale up manufacturing across seven strategic sectors. They include pharmaceuticals, semiconductors, rare earth magnets,