India Increases Defense Spending By 5.5% To $63.9 Billion For The Year 2018

India in a drastic move has increased its defense spending by 5.5% to $63.9 billion which makes it one of the world’s five biggest military spenders ahead of countries like France. The spike in defense spending can be accredited to geopolitical factors like proximity to the Middle East as well as her reliance on imported...