International news: China again increased its defense budget, three times more than India’s budget.

China is continuously increasing its defense budget and this year China has increased its defense budget the most in the last five years by 7.2 percent. With this increase, China’s defense budget has reached 1.67 trillion yuan ($231 billion) this year. This claim has been made in media reports on the basis of the annual report of China’s Finance Ministry. China is the second largest spender on defense budget after America.

Three times more than India’s budget
There has been tension between India and China on the border for a long time and soldiers of both the countries have come face to face several times. However, China appears to be far ahead of India in terms of modernizing its army. The reason for this is China’s huge defense budget, which is more than three times the defense budget of India. India’s defense budget for the year 2024 is Rs 6,21,541 crore, which is approximately $74.8 billion. Whereas China’s budget for 2024 is around $232 billion, which is much more than India’s budget.

Chinese President Xi Jinping has set a target of 2027 to modernize his army PLA and this is also the reason for the increase in the budget. Besides, China is having disputes with many countries including Philippines and Japan in the South China Sea. At the same time, due to border dispute, China’s relations with India are also going through a bad phase. This is the reason why China is continuously modernizing its army. Especially China is investing a lot in its navy and today the Chinese navy is the largest navy in the world in terms of ships. China is also building aircraft carriers and has established bases in many countries of the Indian Ocean.