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India among top global military hardware buyers: Deloitte

Jan 13, 2014    

Dubai: Defence spending is on the rise in several countries around the world, especially in the Middle East, India, China, Russia, South Korea, Brazil and Japan, said a report published by consulting firm Deloitte. However, global defence spending is declining in general, resulting mainly from reduced armed conflict in Iraq and Afghanistan and affordability concerns in many traditionally active military governments, the new Deloitte forecast 2014 Global Aerospace and Defence Outlook said.Many of the countries with increased spending have produced the incremental wealth necessary to equip their...

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