Largest Defence Budget

China, the world's second largest military spender after the US, defended its massive allocation on security on Monday and hinted at raising it further this year, saying the country did not pose any "threat" to others.

India -- the world's biggest arms importer, with an annual defense budget of $43 billion -- has been dangling a potential $15 billion fighter jet deal for more than a decade, with Lockheed and Boeing, the world's two largest contractors, vying for the chance to refit India's air force.

China on Monday unveiled its largest defence spending increase in three years, setting an 8.1 percent growth target this year, fuelling an ambitious military modernisation programme and making its neighbours nervous.

China announced on Monday an 8.1 percent defence budget increase for 2018, giving the world's largest armed forces a boost after spending slowed in the previous two years.

India's defence budget broke into the world's top five, beating the UK for the first time, a new report by a London-based global think-tank has said, signalling a key shift in the military balance between the two countries.

As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of...

Chinese President Xi Jinping is overseeing a sweeping modernisation of the country's armed forces, the largest in the world, including anti-satellite missiles and advanced submarines, seeking to project power far from its shores.

Prime Minister Shinzo Abe's cabinet today approved Japan's biggest ever annual defence budget, as the country bolsters its military amid territorial rows and concerns over China's expanding naval reach.

China's new move to downsize its 2.3-million strong military will result in laying off of about 1.70 lakh officers as the world's largest army plans to scrap two of its existing seven commands and three corps to streamline forces.

India is the world's largest importer of defence equipments.

China, the world's second largest military spender after the US, defended its massive allocation on security on Monday and hinted at raising it further this year, saying the country did not pose any "threat" to others.

India -- the world's biggest arms importer, with an annual defense budget of $43 billion -- has been dangling a potential $15 billion fighter jet deal for more than a decade, with Lockheed and Boeing, the world's two largest contractors, vying for the chance to refit India's air force.

China on Monday unveiled its largest defence spending increase in three years, setting an 8.1 percent growth target this year, fuelling an ambitious military modernisation programme and making its neighbours nervous.

China announced on Monday an 8.1 percent defence budget increase for 2018, giving the world's largest armed forces a boost after spending slowed in the previous two years.

India's defence budget broke into the world's top five, beating the UK for the first time, a new report by a London-based global think-tank has said, signalling a key shift in the military balance between the two countries.

As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of...

Chinese President Xi Jinping is overseeing a sweeping modernisation of the country's armed forces, the largest in the world, including anti-satellite missiles and advanced submarines, seeking to project power far from its shores.

Prime Minister Shinzo Abe's cabinet today approved Japan's biggest ever annual defence budget, as the country bolsters its military amid territorial rows and concerns over China's expanding naval reach.

China's new move to downsize its 2.3-million strong military will result in laying off of about 1.70 lakh officers as the world's largest army plans to scrap two of its existing seven commands and three corps to streamline forces.

India is the world's largest importer of defence equipments.