Defence Budget – How Much India Must Afford

Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure because of its global ambitions. A military budget (or military expenditure), also known as a defence budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other means essential for defence purposes. FinancingContinue reading “Defence Budget – How Much India Must Afford”

China’s Economy Shrinks, Defence Budget 2020 Up 6.6%

Coronavirus hit China’s economy shrank 6.8% in the first quarter of 2020 compared with a year earlier. China’s defence spending in 2020 will rise 6.6% from 2019, according to a report issued at the opening of the country’s annual meeting of parliament on 21 May 2020. The growth is slower than last year, 2019, whenContinue reading “China’s Economy Shrinks, Defence Budget 2020 Up 6.6%”