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India successfully tested some of its advanced weapons and systems in the four-day conflict with Pakistan. Now, India should bolster its arsenal to raise its military profile, experts say
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The short-to-medium range surface-to-air missile Pechora being fired at an undisclosed test-firing range in India. Photo: IAF
THE TOP FIVE MILITARY SPENDERS (2024)
The world’s total military spending: $2,718 billion. The 9.4 per cent rise was the steepest year-on-year increase since 1988. The share of the world’s gross domestic product (GDP) spent on the military was up 2.5 per cent . Average military expenditure, as a share of government expenditure rose to 7.1 per cent. The world military spending per person was the highest since 1990, at $334 . The United States and China accounted for almost half of world military expenditure and 15 countries together accounted for 80 per cent of global military spending.
United States
- $997 billion (total spending), 5.7 per cent higher than in 2023 and 19 per cent higher than in 2015
- $246 billion on combat-credible conventional forces and nuclear weapons. This sum, $37.7 billion was spent on modernising nuclear weapons and $29.8 billion on missile defence
- $61.1 billion on weapon systems for its F-35 stealth fighter aircraft and $48.1 billion on new naval vessels
- $72.8 billion includes $48.4 billion for Ukraine (financial aid, equipment and training) and $10.6 billion to support Israel
- $2.6 billion to bolster US and allied capabilities in the Indo-Pacific region, including $1.9 billion in military aid to Taiwan
China
- $314 billion (total spending estimate), up 7 per cent from 2023, the largest year-on-year percentage increase in China’s military spending since 2015
- Chinese defence spending up by 59 per cent over 2015–24
- China is modernising its military until 2035
Russia
- $149 billion (total spending estimate), 38 per cent more than in 2023 and double the level in 2015
- Russian military spending was equivalent to 7.1 per cent of its GDP. A significant portion was spent on buying weapon systems used in the Ukraine invasion and the continued war
Germany
- $88.5 billion (total spending), or 1.9 per cent of the GDP, making it the largest defence spender in Central and Western Europe for the first time since the reunification
- Military spending is up by 28 per cent as compared to 2023, and by 89 per cent as compared to 2015
- $7.7 billion in financial military aid to Ukraine
India
- $86.1 billion (total spending), up by 1.6 per cent from 2023, and by 42 per cent from 2015
- The current government policy earmarks 75 per cent of Indian capital outlays, which are equivalent to 22 per cent of total military spending, to fund domestic military procurement
- India makes armoured vehicles, helicopters and submarines, among others
- India is still reliant on imports for some advanced systems, such as combat aircraft
Data from the Stockholm International Peace Research Institute
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