Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
India becomes 4th largest spender on defence
short by Shankar Venkatraman / on Thursday, 31 March, 2016
According to research firm IHS, India has become the world’s fourth-largest spender on defence, following a 13.1% increase in its 2016-17 defence budget. India’s rise in rankings from sixth position last year is also attributed to cuts in military spending by Russia and Saudi Arabia, where low oil prices have put considerable strain on their finances.
read more at Livemint