India jumps to fourth spot in defence spending

  1. Context: A report by US research firm IHS Inc.
  2. What? India has become the world’s fourth largest spender on defence, following a 13.1% increase in its 2016-17 defence budget
  3. Why? India’s rise from sixth position last year is a result of an increase in expenditure to $50.7 billion
  4. Also, military spending cuts by Russia and Saudi Arabia are the factors

 

Defence Sector – DPP, Missions, Schemes, Security Forces, etc.
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