23
Apr
Former army officer Gaurav Arya on Wednesday warned that China is emerging as the biggest strategic beneficiary of the escalating West Asia conflict, while urging India to raise defence spending to 3.5 per cent of GDP and rapidly expand domestic manufacturing capacity. Speaking at Kotak Private Banking’s “Take and Counter Take” (TACT) forum, Arya said Beijing was quietly benefiting as global attention remained fixed on Israel, Iran and the United States. He argued that China has spent decades strengthening its manufacturing base, logistics network and military capabilities, enabling it to exploit geopolitical instability and gain leverage over global supply chains…
