India will be the fourth biggest defence spender by 2020



National Intelligence Council :
"Information Handling Services (IHS), the leading source of information, insight and analytics, has predicted that India would become the fourth biggest defence spender by 2020, behind the U.S., China and Russia, surpassing France, Japan and the U.K. "


http://www.thehindu.com/news/national/india-will-be-fourth-biggest-defence-spender-by-2020/article4393957.ece