"The analysis of the world’s current rearmament trends and the changes in the global military spending structure suggests a very general, but in no way erroneous conclusion that the launched upgrade of the BRIC armies has good prospects to succeed. In the coming years, these countries are planning an unprecedented increase in their military spending. India’s military budget is annually increasing by an average of 10%. China and Russia are going to double their defense spending by 2015."
read more......from russia india report...
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