Categories: Ranks & Reports

India third highest military spender in 2020

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Top 5 nations

  • As per the new report, the top five biggest spenders in 2020 were the United States ($778 billion), China ($252 billion), India ($72.9 billion), Russia ($61.7 billion) and the United Kingdom ($59.2 billion) respectively.
  • These five nations together accounted for 62 per cent of global military expenditure.

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.

Find More Ranks and Reports Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
5 years ago

Recent Posts

IPL 2026 Playoffs Explained: Qualified Teams, Final Standings, and Rajasthan Royals Qualification

As the IPL now at the climax part, final 4 teams are now officially confirmed…

9 minutes ago

Lionel Messi Becomes Billionaire, Joining Cristiano Ronaldo in Historic Football Milestone

Football Icon Lionel Messi has officially enters to the billionaire club and become the only…

33 minutes ago

Raghav Chadha Appointed Chairman of Rajya Sabha Committee on Petitions

Rajya Sabha MP Raghav Chadha has been appointed as the new Chairman of the Rajya…

54 minutes ago

Indian Army Officer Major Abhilasha Barak Wins Prestigious UN Military Gender Advocate Award

Major Abhilasha Barak who was serving with the United Nations peacekeeping mission in Lebanon has…

1 hour ago

Rajnath Singh Launches India’s First 300-km Rocket System Suryastra in Major Defence Boost

Respectable Defense minister Rajnath Singh has launched the first indigenous 300 km Universal Rocket Launching…

2 hours ago

World Football Day 2026 Highlights Football’s Role in Peace, Inclusion, and Youth Empowerment

World Football Day observed worldwide on 25th May, and this game connects the billions of…

3 hours ago