gslv mk3
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Yes but you also have a population of one billion. That 2.2 Trillion dollar economy goes into defense, health, education, sanitation and etc.
Still,our defence budget amounts for only 6.47 % of our budget expenditure ( or 1.8 % of GDP )which is fairly low.
For comparison education gets 11 % - a whopping $ 66 billion allocation.
If we start spending 3 % of our GDP in defense,we can have a $ 70 billion defense budget .Alas