China's military expenditure is estimated to be $106.41 billion (Rs. 5.85 lakh crore), which puts China second only to the USA in terms of global military spending.
But China's actual military spending is suspected to be twice as much; it is buffing up its war stores with strategic missiles, space-based assets, aircraft carriers, fighter jets and warships.
On the other side, India's official military expenditure is quoted at $35.09 billion (Rs. 1.93 lakh crore). India however, does not keep a level of secrecy as cloaked as China does, as its democratic government system requires public accountability.
