Both China’s and India’s governments have recently increased their defense spending. China says it is to increase it defense spending by 11.2% this year to almost $110 billion. It wants to double that amount by 2015. China’s official defense budget is the second largest in the world after the United States, but it’s actual spending, according to foreign experts, may be as much as 50% higher because China doesn’t account for its expenditures on nuclear developments and other programs, such as space.
India’s military power pales in comparison, yet it, too, is significantly increasing spending on defense. The 2012 Indian defense budget was set at $36 billion, an 11.6% rise on the previous year, but still less than half of that of China. And globally, India has the 10th largest defense budget on the planet. 51% of India’s expenditure is spend on maintaining India’s considerable land army of over a million men.