India's defence budget in world's top 5
India's defence budget broke into the world's top five, beating the UK for the first time, a new report by a London-based global think-tank has said, signalling a key shift in the military balance between the two countries.
- This represents a key shift in the military balance between India and the UK, with India allocating more capabilities to develop its regional resources than the UK in a global context.
- The report notes that while India continues to modernise its military capabilities, China with the world's second-largest defence budget after the US remains far ahead with three times India's defence budget at USD 150.5 billion.
- China's real defence spending increased by nearly 25 per cent in 2016-17, whereas India's rose by just 2.4 per cent.
- Since 2000, China has built more submarines, destroyers, frigates and corvettes than Japan, South Korea and India combined. China will continue to dominate the region militarily and seek to challenge the US in the region as well.
- According to the analysis, the Chinese army has over 600,000 more active personnel than India; it has nearly 1,200 tactical aircraft compared to Indias 785; and 55 more cruisers, destroyers and frigates than India.
- The report takes note of the Indian government's 'Make in India' policy, which aims to strengthen the defence-industrial base through measures such as "reforming the cap on foreign direct investment" (FDI) and that the country is one of the top troop contributors to UN peacekeeping operations.
- The overall capability of the (Indian) army is limited by inadequate logistics, and shortages of ammunition and spare parts. Defence cooperation with the US continues to grow, with an increasing level of exercising and sales of US equipment.
- Overall, the report found that China and Russia, with the worlds fourth-largest defence budget at USD 61.2 billion, are challenging the military supremacy of the US (USD 602.8 billion) and its allies and that the West can no longer rely on the strategic advantage it has enjoyed until now.
- Saudi Arabia, with a defence spending of USD 76.7 billion, came in third to complete the world's top five the US, China, Saudi Arabia, Russia and India.