China hikes defence budget to $209 billion, more than 3 times that of India | Editorji
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China hikes defence budget to $209 billion, more than 3 times that of India

Mar 05, 2021 14:01 IST | By Editorji News Desk

China on Friday hiked its defence budget for the first time to more than $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8% increase in 2021.
The hike in defence spending by Beijing comes amid a months-long military standoff with India in eastern Ladakh and growing political and military tensions with the United States.
China's defence budget is about a quarter of the US figure, which is $740.5 billion for the 2021 fiscal year.
With Friday's increase, China's defence spending is over three times higher than India's defence budget of about $65.7 billion, which includes pensions.

International