The recent launch of the Agni 5, the intercontinental ballistic missile, makes it a good time to look at how the Defence Research and Development Organisation (DRDO) is managing its finances and funding for ambitious projects.

IndiaSpend carried out a 10-year study of available figures and found DRDO seemingly achieved a lot, with little. While we can?t establish direct time and cost correlations between the Rs 70,009-crore spend (including establishment costs) over a decade on DRDO and all the expenses on actually developing or testing missiles, it should come close. Read more

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