Current Affairs 15 December

Current Affairs
   15 December 2016 Current Affairs

India fourth in the world in terms of defense expenditure

India's biggest defense expenditure in the case of Russia and Saudi Arabia have overtaken fourth. Modernize its military capacity, India's defense expenditure in the case of exercise, the five biggest spenders in the world is there.
IHS Jane's said, quoting the report of the annual defense budget. However, with spending of $ 622 billion US in the first place. China is second. In third place is the UK.

In addition to the US and throughout Europe, including China, emerging conflicts and instability in the whole world round of defense expenditure will increase during the next decade. During 2016, the defense expenditure has grown at a very good rate.

According to the report, during 2016, the total global defense expenditure, an increase of one per cent to reach US $ 16 trillion. In 2015 it was 0.6 per cent.

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