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SIPRI’s “Trends in World Military Expenditure report 2021″: India ranked 3rd

According to the Sweden-based think-tank Stockholm International Peace Research Institute (SIPRI) report, titled "Trends in World Military Expenditure Report 2021".

Sumit Arora Last updated on September 15th, 2022 05:44 pm Leave a comment

According to the Sweden-based think-tank Stockholm International Peace Research Institute (SIPRI) report, titled “Trends in World Military Expenditure Report 2021”, India’s military expenditure is the third highest in the world behind the US and China. 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.

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The report’s data is based upon the updated SIPRI Military Expenditure Database, which provides military spending data by country for the years 1949–2021. The five largest spenders in 2021 were the US, China, India, the UK (United Kingdom) and Russia, together accounting for 62% of expenditure.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.