ChineseTiger1986
ELITE MEMBER
India is free to hike its military expenditure. 

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Our economy was nearly 6 trillion USD last year, so it is roughly 4 times the size of the Indian economy.
So even 120 billion USD isn't much larger in percentage.
Point is : it was $120bn when your economy was ~$4.5Tn size. ie some hidden component was/have always been there.