Thursday 31 March 2016

India jumps to fourth spot in defence spending

SOURCE: LIVEMINT India has become the world’s fourth largest spender on defence, following a 13.1% increase in its 2016-17 defence budget, according to US research firm IHS Inc. India’s rise in the rankings from sixth position last year is a result of an increase in expenditure to $50.7 billion, combined with cuts to military spending by […]

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