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India 5th largest defence spender, China three times ahead

Short by: PAWANRAJ 

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). In contrast, the UK's defence budget fell from USD 52.5 billion in 2016 to USD 50.7 billion in 2017.This represents a key shift in the military balance between India and the UK, with India allocating more capabilities to develop its regional resources than the UK in a global context," said IISS Senior Fellow for South Asia, Rahul Roy-Chaudhury.

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