India becomes world's fifth largest military spender

Posted on:25 Apr 2017 13:14:46
India becomes world's fifth largest military spender
25 April 2017 Current Affairs:

  • India's military expenditure grew around 8.5 percent in 2016, making it the world's fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute (SIPRI).

  • The USA  remains the world's largest military spender registering a growth of 1.7 per cent between 2015 and 2016 to $611 billion.

  • China is second on the list spending $215 billion, an increase of 5.4 percent.

  • Russia increased its spending by 5.9 percent to $69.2 billion, making it the third largest spender.


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