On July 6th this year, Indian Finance Minister Pranab Mukherjee announced that India's military budget will increase by 24% to 1.42 trillion rupees (US$ 28.4 billion) by the fiscal year of March 21. In the past 1 years, India's defense expenditure accounted for 2% to 2.5% of GDP.
according to the official announcement, China's national defense budget in 29 was 48.686 billion yuan, an increase of 62.482 billion yuan over the previous year's budget implementation, with a growth rate of 14.9%. The national defense expenditure budget accounted for 6.3% of the national fiscal expenditure budget in that year. In 28, the GDP was 3,67 billion. In 29, the GDP increased by 8%, which was about 32.5 trillion yuan, and the defense expenditure accounted for 1.48%.