According to the Stockholm International Peace Research Institute (SIPRI), India’s military expenditure is the third highest in the world behind the US and China.
Top Five: The United States, China, India, the United Kingdom, and Russia.
Military spending in India is amounting to $76.6 billion in 2021 which grew by 0.9% from 2020. Russia has also increased its military expenditure for the third consecutive year.
SIPRI Headquarters: Solna, Sweden.
