Nuke estimate: up to 100 India’s current military spending ranks only 8th worldwide, with France, Japan and even Saudi Arabia spending about $10 billion more in 2013. So what makes the former British colony such a promising candidate for future military supremacy, even more so than its colonial ancestor? A 2007 report by investment bank Goldman Sachs found India’s accelerating growth could see its economy surpassing Britain within a decade; another report just last year by global information group ‘IHS Jane’s’ specifically predicts India’s military budget will overtake Britain’s by 2017, based on current trends. Indeed, the data shows Britain, though somewhat insulated from the Euro debt crisis, will see cuts where India sees boosts in long-term defense spending. India is poised to catch up—perhaps even surpass—Western military powers in the near future. Though not all currently active, India also has the second highest number of troops worldwide, largely from massive paramilitary groups who could potentially bolster the Indian Army in the event of global conflict.
Posted on: Tue, 25 Mar 2014 09:03:24 +0000
Trending Topics
Recently Viewed Topics
© 2015