03 May 2018

India Rises to 5th Spot in World's Top Five Defense Spenders

India Rises to 5th Spot in World's Top Five Defense Spenders


India has surpassed France to become one of the world's five largest military spenders, Swedish arms watchdog Stockholm International Peace Research Institute (SIPRI) Report.

India spent $63.9 billion on its military in 2017, an increase of 5.5% compared with 2016. The other countries in top five include the US, China, Saudi Arabia, and Russia.

Source- The Bloomberg

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