Comments by "红火树 RedFireTree" (@firetree2007) on "Focus on India's budget 2024 | World Business Watch | WION" video.
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The United States spends 23% of its GDP, which is about $6.5 trillion. China also spends 23% of its GDP, totaling $4 trillion. India, with a smaller economy, spends less, allocating about 15% of its GDP, which amounts to $580 billion for 2024. Although India's total GDP is $3.73 trillion, roughly 1/4.6 of China's, the amount it can spend is about 1/6.9 of China's expenditure.
How much money a country can spend is crucial for its development and national defense, as it reflects a country's real strength. While you may inflate your GDP numbers to make them appear larger, you cannot spend inflated figures. You may claim that you surpassed the UK in GDP, but the UK's budget is $1 trillion a year, which is 1.72 times that of India. Therefore, for India, its GDP number does not mean much since it cannot reflect its real strength, if we assume India actually also spend 23% of its real GDP, then the real GDP of India is $2.52 trillion. Rank number 8 in the world, after France 's $3.1 trillion, therefore, Modi's promise to make number 3 will remain as a dream
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