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RE: Is spending tons of money on defense justified for a developing country like India?

in #economy7 years ago

It would be.... if the money was going to domestic production and innovation. How much of India's defense budget is spent on imported weapons, technology, and equipment?

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A significant portion. India hasnt built the capabilities enough to produce such high end weapons in house. Though it is working on various technology transfer initiatives, it will take decades to be self sufficient.