Report: "Conventional Arms Transfers to Developing Nations
Published by: Congressional Research Service, a division of the Library of Congress. U.S. Government

Says that:
Over the last four years, China has purchased more weapons than any other nation in the developing world, signing $10.4 billion in deals from 2001 to 2004. Such statistics could be used by those in the United States government who have argued against any decision by the European Union to lift its arms embargo against China.

For that same four-year period, India ranked second, with $7.9 billion in arms purchases, and Egypt was third, with $6.5 billion in deals.

But India surpassed China in total purchases in 2004, agreeing to buy $5.7 billion in arms.

$5.7 billion is the total revenues of the top 10 IT providers which worked their ass off for 10-15 years to get that big.

The world has changed. Warfare has changed. But countries continue to but like idiots.
When was the last time that India used a fighter plane in a war against another country?
When was the last time India used a submarine in a war situation?
When was the last time India used ICBM's?

The power in the world is shifting away from "owning lands" and calling it a nation. It has moved towards people being more bothered about either finding a job or fbuying a Merc.
I am glad they moved on.

As a % of GDP contibution, the public sector had a huge share in the 60's and 70's. Now, its the private (If you are a Kurta-wearing communist read as greedy, blood sucking, anti-socialist, selfish) sector which provides the most jobs. Just becuase we chose these guys to administer 'services' to us, doesnt mean that they have the power to rule and over-rule us.

It is so stupid for a government to spend $5.7 billion on arms when they crib about lack of money for laying roads and primary education? How can you ever choose a gun over a primary school?

Wars for land are things of the past.
Learn and move on.