- Stockholm International Peace Research Institute (SIPRI) report titled “Trends in World Military Expenditure, 2019” stated that India has become the third-largest military spender in the world, after the US and China.
Highlights:
- For the first time that India and China are among the top three military spenders.
- It highlighted that India’s tensions and rivalry with Pakistan and China are among the main reasons for its increased military expenditure.
- The military spending of India grew by 6.8% to $71.1 billion in 2019. This was the highest military spending in South Asia.
