Categories: Ranks & Reports

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”, 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

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.