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India emerges as world’s big defence spender

State Focus, Global Edition- March 2018
by Rahul Roy-Chaudhury
India’s defence budget overtook the UK for the first time in 2017 to be counted among the world’s top five.

India’s actual spend of $52.5 billion (including defence pensions) in 2017 makes it the fifth-largest in the world, overtaking the UK to reach the ‘Top 5’ slot for the first time, according to the authoritative annual ‘Military Balance 2018’ published last month by the International Institute for Strategic Studies (IISS), the London-based think-tank I work for.