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.
India overtook the United Kingdom as the fifth-largest defence spender in the world in 2017 at USD 52.5 billion, up from USD 51.1 billion in 2016, according to the ‘Military Balance 2018’ report by the International Institute for Strategic Studies (IISS).
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AFP
