Join Hands to Build a Smarter India: Sign in | Join now
News

India Cuts Back Arms Spending, China Gets Stronger

By SiliconIndia  |   Thursday, 19 April 2012, 04:15 Hrs   |    3 Comments
34
37
61
11
Print Email


Bangalore: In a worrisome revelation, it was found that India’s military spending fell by $ 1.9 billion (3.9 percent) in 2011 while our close neighbor and a strategic enemy, China has increased it “markedly.” Apart from China and Russia, the U.S. and European countries have been forced to cut down on their increase in military spending between 1998 and 2010 due to the economic crisis. Russia increased its military spending by 9.3 per cent in 2011.



“Military expenditure in Asia and Oceania rose by 2.4 per cent, due mostly to a 6.7 per cent ($8.2 billion) increase by China,” revealed the latest report by an independent think tank, Stockholm International Peace Research Institute (SIPRI).



China’s official defence budget - 598 billion Yuan ($93 billion) - in 2011 does not include all financial resources for the military, the report says. China has increased its military spending by 170 percent in real terms since 2002, and by more than 500 percent since 1995. According to SIPRI’s estimate, Chinese military spending in 2011 was 923 billion Yuan Remnimbi ($143 billion), the second highest in the world. At the same time, China’s military spending has remained extremely stable as a share of GDP, at approximately 2 per cent since 2001.



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
Submit Reset
Reader's comments(3)
1: http://www.iloveushopping.com Cheapest Air Max Shoes,Tiffany Jewelry
Company,Wholesale AF Clothing

Online Store:

Cheapest Air Max Shoes $37

Fashion Tiffany Bangles $20

Wholesale AF Tshirt $18

jordan shoes $38

nike s h o x $37

Christan Audigier bikini $18

Ed Hardy Bikini $18

Sinful short_t-shirt_woman $16

http://www.iloveushopping.com
Posted by:jiushinammm - 19 Apr, 2012
2: The reason India decided to cut back on the arms spending was because all the money was stolen by some corrupt politician. I feel pity for the brave soldiers out at our borders battling extreme weather conditions to keep what belongs to us. I genuinely salute you all brave men and women from the bottom of my heart. I have a song that comes to my mind when I read this. There is a song by the name "And justice for all" by metallica. If you are not a fan of this genre of music, dig the lyrics from the net. It holds so true for our nation.
Posted by:Ron - 19 Apr, 2012
3: ya.. lets sit back and sleep, let chinese come take our land
Posted by:Raj - 19 Apr, 2012
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved