1. HJ MILITARY NEWS: INDIA WILL BECOME
THIRD LARGEST SPENDER IN DEFENSE BY
2020!!

2. India is set to emerge as
the third largest spender
on defence worldwide by
2020, projected by US-
based consulting firm IHS.

4. • India spent $47.78 billion or more than Rs. 3,01,299 crore in
2014.
• Stood at eighth rank in terms of total spending on defence
(expenditure, procurement, research and development) in
2014.
• In 2014, US had spent $586.92 billion, followed by China which
spent less than a third of US, at $176.25 billion.
• Despite not being immune to the challenges in the global
economy, growth in Asian defence expenditure is expected to
accelerate from 3.3 percent in 2014 to 4.8 percent in 2015.

6. Source
• http://www.business-standard.com/article/economy-policy/india-to-
be-third-largest-spender-on-defence-by-2020-114121900369_1.html

7. THANK YOU