Indian Economy: Growth -2

[agnivayu]

But it's bad in some ways, like India's defense budget is only $19.8 Billion , which is only 2.4% of GDP. Even at 3% of GDP, India's defense budget would be $25 Billion. At $30 Billion (which is what it should be), it's still only 3.6% of GDP.


Remember China's defense budget is around 60-70 Billion, Pakistan is probably around 7-8 Billion.



<!--QuoteBegin-ramana+Mar 2 2006, 02:28 AM-->QUOTE(ramana @ Mar 2 2006, 02:28 AM)<!--QuoteEBegin-->So compared to the US the GOI is quite efficeint in monetray terms. Or the cost of govt is not as much a burden on overall economy as in advanced states.

Alternately the GOI can spend some more on key sectors like education and health care to improve the quality of life factors.
[right][snapback]47505[/snapback][/right]
<!--QuoteEnd--><!--QuoteEEnd-->