Live
- Youth National Games 2024 kick-start in Delhi; over 5,000 athletes from 15 states vying for top honours
- TN Police warn people against fraudsters using AI-based voice cloning
- L-G office blames Saurabh Bharadwaj for delay in enhancing MCD Commissioner's financial powers
- ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
- 26/11 prosecutor to Mumbai North Central candidate - Ujjwal Nikam all set for 'new innings' with BJP
- CBI traces shop that sold bullets & cartridges seized from Sandeshkhali
- IPL 2024: Rasikh and Mukesh pick three-fers as Delhi Capitals beat Mumbai Indians by 10 runs
- 27 Indian startups secure over $222 million in funding this week
- Final Olympic qualifiers: India's Maheshwari leads the field heading into final day
- Govt allows export of 99,150 tonnes of onion to 6 countries
New Delhi: India world's 4th largest defence spender in 2022
India was the world's fourth largest military spender in 2022, with its defence spending increasing by around six percent as compared to 2021, a report by Swedish think tank Stockholm International Peace Research Institute (SIPRI) said.
New Delhi : India was the world's fourth largest military spender in 2022, with its defence spending increasing by around six percent as compared to 2021, a report by Swedish think tank Stockholm International Peace Research Institute (SIPRI) said.
The military expenditure report said around 23 percent of the total spending by India was towards funding equipment and infrastructure, including that along the China border where tension continues. However, a major part of the spending was on expenditures like salaries and pensions.
With military expenditure of USD 81.4 billion, India's spending was up by six per cent from 2021 and by 47 per cent as compared 2013. "The increase in India's spending shows the effects of its border tensions with China and Pakistan," the report said.
Expenditure on capital outlays, which funds equipment upgrades for the armed forces and to the military infrastructure along its disputed border with China, amounted to 23 per cent of the total military spending in 2022. Personnel expenses like salaries and pensions remained the largest expenditure category in the Indian military budget, accounting for around half of all military spending.
The United States, accounting for 39 per cent of the world military spending in 2022, was the top spender, followed by China (13 per cent), Russia (3.9 per cent), India (3.6 per cent) and Saudi Arabia (3.3 per cent). Together, these five countries accounted for 63 per cent of total global military spending in 2022.
