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Which one of the following statements is incorrect?
India is the third largest importer of the defence equipment.
India meets more than 50 per cent of its requirement of the defence equipment through imports.
defence budget for 2015-2016 accounts for less than 2 per cent of the GDP.
Certain financial powers are delegated to the Vice Chief of Army Staff for capital acquisitions.
The list of importers of defence equipments (in 2014) - (i) Saudi Arabia = $6.5 bn. (ii) India = $5.6 bn. (iii) China = $2.6 bn. (iv) UAE = $2.2bn. (v) Taiwan = $2.2 bn.
By: Ketan Garg ProfileResourcesReport error
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