India’s military spending at $76.6 bn 3rd highest in the world: SIPRI report

Daily Current Affairs / India’s military spending at $76.6 bn 3rd highest in the world: SIPRI report

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Category : Defense Published on: April 27 2022

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According to Stockholm International Peace Research Institute (SIPRI) report India's military spending of $76.6 billion ranked third highest in the world.
This was up by 0.9 per cent from 2020 and by 33 per cent from 2012.
The five-largest spenders in 2021 include the US, China, India, the UK, and Russia, together accounting for 62 per cent of the expenditure.

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India’s military spending at $76.6 bn 3rd highest in the world: SIPRI report