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Sunday, March 20, 2011

Defence Spending: China And India – Analysis

Chengdu J-20In the first week of March 2011, within a week of each other, both China and India announced their defence budgets for the coming year.

Each reflected a double-digit growth of about 12 per cent. But, the similarities end right there. In overall terms China plans to spend US $91.6 billion whereas India’s budget is pegged at about one third at US $ 34 billion.

China today is not only the world’s second largest economy, but is also the second biggest defence spender. Besides, this double-digit growth has continued for two decades except for last year, with all its accumulated accretions.

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