xuxu1457
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Defence spending is not all that bad if kept within a limit of 3 to 4% of the whole GDP. in fact it can do good for the economy.
Defence spending brings in new technologies, new players and new jobs with it. See the way Tata, L&T, Mahendra and Reliance are opening new divisions, acquiring new technologies and partnering with defence companies elsewhere across the globe. Moreover, defence tech has other applications too especially in Agriculture, navigation and space. Used prudently defence spending would give a overall boost to the economy. This is the reason why US has always had high defence spending since the world wars.
And let us not forget the international influence it brings.
US defence spending is all spent in US itself, and all the world buy weapon from US, US army is only making advertisement;
but India's 70% weapon buy from others, only let Russia go on carrier tech and aviation tech, and be the first abroad buyer of France Rafale.