India has retained its position as the third biggest military spender in the world in 2020, according to new data titled ‘SIPRI Military Expenditure Database’ published by the Stockholm International Peace Research Institute (SIPRI) on April 26, 2021.
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Top 5 nations
Global Expenditure
Globally, the military spending in 2020 rose to $1981 billion. This value is an increase of 2.6 per cent in real terms as compared to 2019.
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