India fourth largest spender on military, defence expenditure rose by 29% since 2009: SIPRI

A new report by Stockholm International Peace Research Institute (SIPRI) says that the five biggest spenders on military in 2018 were the United States, China, Saudi Arabia, India and France, which together accounted for 60 per cent of global military spending. It adds, at $66.5 billion, India was the fourth-largest spender in 2018.
The report says, adding, “Military spending in Asia and Oceania was $507 billion in 2018 and accounted for 28 per cent of global military spending. Five of the top 15 global spenders in 2018 are in this region: China (rank 2), India (rank 4), Japan (rank 9), South Korea (rank 10) and Australia (rank 13).”
Pointing out that “India’s military spending rose in 2018 for the fifth consecutive year, and was 3.1 per cent higher than in 2017”, the report says, “At $66.5 billion, India’s spending was 29 per cent higher than in 2009.”
“Despite this rise”, the report says, “India’s military burden in 2018 was at one of its lowest levels since the early 1960s: 2.4 per cent of GDP compared with 2.9 per cent in 2009. Increases in Indian military expenditure are largely motivated by tensions and rivalry with Pakistan and China.”

Comments

ALSO READ...

Demand for 50% EVM verification with VVPATs: Missed call campaign set to cross 1 lakh mark

Gujarat CM queried: Where has 24.81 acre feet of water disappeared from Narmada dam?

Congress separated itself from anti-Sikh mob, Modi became friend of rioting 2002 mob: Time

Sexual harassment allegation: President of India told to ask CJI to abstain from performing duties

Indian industry's sales levels, profit margins drastically go down: IIM-A survey

Central, Gujarat govts told to clarify: Why hide facts on pollution in Narmada Dam, canals?

Why did Govt of India maintain ominous silence in PepsiCo case against Gujarat farmers?: Activists

Vidyasagar statue vandalization culmination of hate culture: Gujarat memorandum

No minority community midday meal scheme cook-cum-helper in Gujarat: Govt of India

Costs of environmental damage due to illegal mining in Gir-Somnath, Junagadh sought