Should India match its defence spending to that of China?

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India's defence spending is a small fraction of what China spends on its gigantic military. Granted that China is building an armed force that is far more than what it would require to defend itself from foreign aggression, India should be very worried. Is it worth for India to hike its defence spending to compete with China? Is it just worth it, or is it necessary for India's survival and the survival of the free world?