Scope for Increase in India's Defence Spending? - Chart Of The Day 18 March 2019 - Equitymaster
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Scope for Increase in India's Defence Spending?
Mar 18, 2019


For long, India has been known as a military power.

But much of it is due to India's military personnel rather than the arsenal they have at hand.

Issues related to obsolete aircrafts and other military equipment is commonly in the news.

On per capita basis, India's military spending is quite low.

China with a comparable population, spends almost 3.5 times as much as India does on their military.

China is also spending five times as much on R&D as we do. It's also now exporting twice the amount it was just five years ago.

Will India follow a similar pattern to China in terms of increasing R&D and exports?

With India's big policy push in defence, I believe this difference between India and China is bound to reduce with time.

For investors, this means a big opportunity to benefit from privatisation and increased government spending in this sector.

Data Source: www.statista.com

This Chart Of The Day was published in The 5 Minute WrapUp - Get Ready to Make Big Profits in India's Defense Sector

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