India now spends 1.99% of it's GDP on Defense, but on Tuesday the Defense Minister stated the government goal is to boost that to 3%. http://timesofindia.indiatimes.com/India/File_Govt_hints_at_doubling_defence_expenditure/rssarticleshow/3118305.cms
The article makes it clear that China - not Pakistan - is India's main adversary. With China already engaged in a large military buildup, are we heading for an arms race in Asia?
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