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India jumps to third rank in global military expenditure, shows study

Spending grows 6.8% to $71.1 billion in 2019, outpacing Russia and Saudi Arabia

military spending, army, helicopter, defence, weapons

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While the US drove the global growth, China and India — the top Asian military spenders — were respectively the second- and third-largest military spenders in the world, the report said.

Agencies London

4 min read Last Updated : Apr 28 2020 | 12:51 AM IST

Global military expenditure growth at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders, after the US, a Stockholm-based think-tank said on Monday. It’s the first time that the two Asian giants were among the top three countries spending more on armaments.

The total global military expenditure rose to $1,917 billion in 2019, representing an annual growth of 3.6 per cent compared to 2018, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

The 3.6 per cent spike it said was the

Topics : defence expenditure Defence budget Defence Procurement

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