As India worries about instability among its neighbors, defense spending will likely rise in the year ahead. Because approximately 20% of India's expenditures already go to defense, there is a risk that the government's budget deficits may hit unmanageable levels, threatening the hard won growth of the last decade.
As India worries about instability among its neighbors, defense spending will likely rise in the year ahead. Because approximately 20% of India's expenditures already go to defense, there is a risk that the government's budget deficits may hit unmanageable levels, threatening the hard won growth of the last decade.