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https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS
According to this world bank report, China spends 1.9%, India at 2.5% and Pakistan 3.6% of their respective GDP's on military expenditure while there have been reports that China's defense budget is much higher in reality than what is being stated. As long as the defense budget is under 3%, there isn't much to be concerned about
http://nationalinterest.org/feature/hy-chinas-military-budget-larger-it-appears-19716
Magic PPP won’t work for IndiaOfficially China spent $146 billion on defence in 2016, gdp was $11,200 billion in 2016. Thus officially China spent 1.3% on defence.
The highest estimate of total Chinese defence spending by western analysts places spending at $215 billion in 2016 by SIPRI Military Expenditure Database. This includes their assessment of China's hidden budget, R&D, Black projects, etc. The highest estimate expenditure was 1.9% of gdp.
China actually takes a very balanced approach to defence spending, in fact a relatively conservative one. Development is very expensive, more defence spending means less towards infrastructure and education.
Magic PPP won’t work for India
You wouldnt even see this being even mentioned by Indian journalists who are so right wing and and racist its unbelievable.
Some home truths here, India hasn't been at War since 1999 so why this massive defence spending when you have the largest amount of poor people anywhere in the world.
This current Indian generation choose to buy guns for its army then provide education for its people. they choose to sling hate at anything pakistani online and support fake twitter Balochi accounts rather then stand up to their corrupt governments against poverty, toilet facilities rape etc.
Hope you can buy all those weapons in PPPYup total spending is around that vicinity, around 620 billion for 2016.
Why? I never knew we use USD (or foreign currency in general and at their home country price levels) for everything in India. Tell me friend, what is the USD based/derived liquidity ratio even in the GCF for India? Do you know where to start to get that figure anyway?
If it is 600b, so China’s single education budget is nearly their entire expenditure.
Hope you can buy all those weapons in PPP
If it is 600b, so China’s single education budget is nearly their entire expenditure.
As long as ppp magic can make RSSers happy, do itK so you couldnt answer. Neither will you answer how much of even the govt budget sources from import or non-rupee liquidity in first place so we can have a % reference for what is being extrapolated when exchange rate used.
So China imports everything using USD for its local budget spending. Interesting.
As long as ppp magic can make RSSers happy, do it
I guess the number of india is education real dollars vs GDP PPP.....Leave the budget percentage, come to GDP percentage too and what you got?
Voila!:
Here too India is found to be scraping the bottom of the barrel.
I guess the number of india is education real dollars vs GDP PPP.....
Fake news