compose the world’s second-largest military. It comprises the Indian Army, the Indian Navy, the Indian Air Force, and the Indian Coast Guard.[267] The official Indian defence budget for 2011 was US$36.03 billion, or 1.83% of GDP.[268] For the fiscal year spanning 2012–2013, US$40.44 billion was budgeted.[269] According to a 2008 Stockholm

International Peace Research Institute (SIPRI) report, India’s annual military expenditure in terms of purchasing power stood at US$72.7 billion.[270] In 2011, the annual defence budget increased by 11.6%,[271] although this does not include funds that