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- Not much of an increase in Defence Budget but China makes India spend Rs 20,776 crore - Not much of a hike | The Economic Times
TILL MODI IN PM POST, NOTHING WILL HAPPENS BECAUSE IN ELECTION COMMISSION OF INDIA CHEATED INDIAN PUBLIC AGAINST MODI, BECAUSE IN MODI KAHAR, ALL GUNDA AND RAPIST, CHEATERS ARE ENTERED IN MODI GOVT. schandan 52 days ago Such stories come up occasionally on media to ignite a debate on social media in last couple of years. Unusual price escalation of essential items like petro products compelled people to spend and overall income growth is at a low ebb. Fiscal deficit pulls the string with an alarming sign and states are not getting the revenue share though vague reasons are there. Govt. tall claims contradicts the ground reliability. How one can expect a fast growing economy is such circumstances? Perhaps it's easier to write with ifs & buts than make it happen truly. ETPrime stories of the day
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Not much of an increase in Defence Budget but China makes India spend Rs 20,776 crore - Not much of a hike | The Economic Times
However, even with the increased military expenditure, China trails the U. S apropos military budget outlay. The U. S. Congress approved spending of USD 649 billion on defence last year compared to China's USD 250 billion. But China's rise has been unparalleled. According to data collated by the Stockholm International Peace Research Institute, China had the highest increase in military spending for any country in the past decade, in keeping with its objective of turning the People's Liberation Army (PLA) into a world-beating fighting unit by 2049. Between 2009 and 2018, China bolstered its military spend by 83 percent, the results of which were manifest on the streets of Beijing during the parade. Saudi Arabia, which is a high spender on defence hardware for many years, raised its military spend by 28 per cent in the same period, marginally less than India's 29 per cent. Under Vladimir Putin, Russia has also adopted a militaristic approach to solving geopolitical issues, like the invasion of Crimea.