SIPRI

India third-largest military spender in the world after US & China

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NEW DELHI: India remains ahead of Russia and the United Kingdom as the third largest military spender in the world, but far behind China that spends four times and the United States, which spends 10 times its defence budget. The total global military expenditure rose to $2,113 billion in 2021, surpassing the two-trillion-USD mark for … Read more

Global military spending tops $2 trillion for first time as Europe boosts defences

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STOCKHOLM: Global military expenditure has surpassed $2 trillion per year for the first time, and looks set to rise further as European countries beef up their armed forces in response to Russia’s invasion of Ukraine. In 2021, countries spent a total of $2,113 billion on their militaries, up 0.7% in real terms from the year … Read more