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India Spends Too Much On Its Defence

Last Updated on January 10, 2011 Leave a Comment

India is the largest importer of defence equipment in the world. Currently, India imports close to 70% of its weapons requirements largely from Russia, Israel, and more recently, the United States. The country’s defence expenditure will be around $112 billion by 2016. In July 2010, India signed a contract for six new submarines with Russia […]

Filed Under: Defence Tagged With: defence, economy, india

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