China has the largest economy on earth measured by PPP at $15 trillion.
If China were to spend roughly 5% of GDP on defense, then her REAL defense budget would be closer to $750 billion.
China produces 650 millions of steel, and generates 4500 billion kWt electricity (2011).
Given China's size it is only natural that China should have 5-10 aircraft carriers by 2020.
Japan, China's neighbor has 3 aircraft carriers at present and the USA has 11 active aircraft carriers, and 3 super-carriers under construction.
China will be the next hyper-power replacing the corrupt
bankrupt debt ridden USA, and as a hyper-power it is only natural that China must have a active blue water navy with a credible number of aircraft carriers.
India by contrast will not be a super-power and does not need to spend precious money refitting and buying old Russian aircraft carriers, or even building ones herself.
What India needs is decent government, that delivers the basics to the masses......if that can be achieved then it will be a miracle in itself. The baby learns to crawl before it learns to walk or run.
What will be foolish for India is to lock on to China as a rival and then try and compete with China militarily, because Hilary Clinton says so.
What will be foolish for India is to lock on to China as a strategic rival at sea and then try and compete with China militarily in a naval race, because Hilary Clinton says so in the Southern Port City of Chinai.
Harijan Coolie Kuta thinking patterns must be ditched.
What India requires is an effective premier ARMY first and foremost, and then a AIRFORCE.......the defeat of which will spell the end of India, but NEVER with a naval defeat......all you get is a temporary blockade which can still be circumvented.
All India's wars were on land since the days of Buddha, and ALL India's strategic threats have been and are on land, up the mountains since the days of Ashok.
There is absolutely no point going down the path of "space aliens from Mars are coming, so lets build some starships".
When China builds its new aircraft carriers the first to feel any threat will be Taiwan, Japan, and the USA, followed by the Philippines, Vietnam, Russia and so forth.
If in the future Indian strategists have sweaty dreams about Chinese aircraft carriers docking in Colombo, Chittagong, Karachi and the Maldives...........then the simplest strategy to forestall this is to accelerate SAARC regional security cooperation, AND massively up the annual aid to Sri Lanka at $300 million; Bangladesh $500 million; Nepal $300 million AND Pakistan at $ 1000 million.
The above aid strategy will be a far better and sensible enduring policy rather than India embarking on the construction of 4-8 aircraft carriers in the next few years trying to compete with China........which eventually costs anywhere from $20--30 billion due to construction and maintenance, is stupid strategically.
Strategic military aid is the means by which the USA controls the Pakistan military to India's detriment since 1954, which must be countered with generosity from India towards Pakistan beyond mere talking, talking and talking.....and admiring Hina's looks/fashion sense (there are deeper issues here for godsake!).....towards the civilian government in Pakistan purely. Then the problem is solved........no more listening to mischievous Hilary Clinton lectures in Chinai about padding up and batting against China.
It is Hilary Clinton's State Department which prevents billionaire crook puppet Zardari, with his Presidential palace next to the American fortress embassy in Islamabad from making a simple courtesy visit to India after 3 years in power as President of the country. Though the billionaire crook has been to every other country in the world, including the USA several times.
A serving Chinese military general is citing India's capabilities in his efforts to edge the government to have more than one aircraft carrier. General Luo Yuan, a senior researcher with the Academy of Military Sciences, said China needs at least three aircraft carriers to defend its interests in the face of neighbors developing their capabilities.
China wants more aircraft carriers to compete with India
"If we consider our neighbors, India will have three aircraft carriers by 2014 and Japan will have three carriers by 2014," General Luo was quoted as saying by Beijing News. "So I think the number (for China) should not be less than three so we can defend our rights and our maritime interests effectively."
China recently confirmed it was revamping an old Soviet ship to be its first carrier. The state media broadcast footage of its first carrier in a rare public mention of the project. The moves added to worries in the Asian region about Beijing's military expansion and growing assertiveness on territorial issues.
The government tried to reassure neighbors that its first carrier would be used only for the purpose of training and research and there was no plan for aggression involved.
"We are currently re-fitting the body of an old aircraft carrier, and will use it for scientific research, experiments and training," defence ministry spokesman Geng Yansheng told a news briefing.
The latest statement from General Luo shows there has been some rethinking, and Beijing is prepared to talk about using aircraft carriers for war preparedness. The general represents a government academy that plays a role in the military planning process.
China is worried that Japan's three carriers, which are at present used for helicopter operations, would eventually be converted into full aircraft carriers. The two countries have serious disputes over some islands.
The United States indicated it was happy China had taken a step toward better transparency by openly discussing the issue about aircraft carriers.