India Spends Too Much On Its Defence

…t Pakistan is always blamed for over-spending for the defence purpose, plus it is facing clashes in its western border with Taliban. So, the natural question arises, is India spending too much on its defence, neglecting other sectors say education or infrastructure? Apart from above data and facts, an interesting point is that Indian defence expense is calculated excluding several items, like the cost of ministry of defence, expenditure on milit…

Indian Economy: 2009 Vs. 2010

…and the fourth largest economy in the world by purchasing power parity (PPP). India was under social democratic based government under 1947 to 1991. This economy was based on public ownership and protectionism with slow growth rate. Since 1991, India changed its policy and reformed it to a market-based economy. The currency of India is the Indian Rupee. As of 30th Dec 2010, 44.8 INR equals to 1 USD and 1 EUR equals 59.34 INR. The major stock exch…