Stockholm International Peace Research Institute (SIPRI), a Swedish think tank, released its annual report titled ‘Trends in World Military Expenditure, 2019.’
About:
The global military expenditure rose to $1917 billion in 2019, an increase of 3.6% from 2018.
In 2019, the top five largest spenders — U.S. ($732 bn), China ($261 billion), India ($71.1 billion), Russia ($65.1 bn) and Saudi Arabia ($61.9 bn) — accounted for 62% of the global expenditure.
India and China emerged among the top three spenders. India was at the fourth position in 2018 with Saudi Arabia at the third.
The $71.1 billion spent by India on defence in 2019 was 2.4% of its Gross Domestic Product (GDP). India’s expenditure in 2019 was 6.8% more than that in 2018.
India’s military expenditure grew 259% over a 30-year period between 1990 and 2019 and by 37% over the decade of 2010–19. However, its military burden fell from 2.7% of GDP in 2010 to 2.4% in 2019.”
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
