ET magazine today published “The 10 most powerful militaries in the world” in its centre page. I felt a moment of pride when I see India ranking 4th. I see India has second largest military manpower in the world after China. While US spends $612 billion and China $126 billion, Russia $76 billion, countries UK, Japan, India, France and Germany spend nearly $45 billion each of their budget. Also published are various numbers of military assets like tanks, rocket systems, aircrafts, helicopters, submarines, and aircraft carriers.
Image taken from indiandefence.com
It’s also nice to see India possess 2 aircraft carriers while rest of the countries has 1 or none. Of course no need to mention US has 10. The number of aircraft carriers a country has determines its air power and amount of dependency on other countries’ local military bases.
In the last year’s Union budget, FDI limit…
View original post 147 more words