China has given 3 times India’s defense budget

China has allocated three times more budget to the defense sector than India. This time, the country’s defense budget is being increased by 7.8 percent and the GDP target has been set to be more than 7 percent. News: NDTV.

The United States allocates the largest budget to the defense sector. The United States has allocated ৭ 640 billion to the defense sector in fiscal year 2021. This is followed by China’s position. India’s defense sector has been allocated ৬ 75.6 billion in the current financial year.

The annual session of China’s parliament began on Friday (March 5th). On the same day, the country’s finance ministry announced that the military budget was being increased to ০ 210 billion.

The country has begun to overcome the Corona situation. This was reflected in the announcement of growth as well as employment growth. Due to the corona, China’s GDP growth last year was 2.3 percent. As part of the country’s economic turnaround, the potential budget deficit has been set at 3.2 percent.

RR


Source: Bhorer Kagoj by www.bhorerkagoj.com.

*The article has been translated based on the content of Bhorer Kagoj by www.bhorerkagoj.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!