• UGI USER
  • Apr 24, 2024
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INDIA RANKS FOURTH IN MILITARY SPENDING IN 2023: SIPRI.

Why in the news?

India ranked fourth globally in military spending in 2023, with rising costs driven by personnel and operations.

source:scribd

About the Global Ranking:

  • India ranked as the fourth largest military spender globally in 2023, with an expenditure of $83.6 billion.
  • The top three spenders were the United States, China, and Russia, with India and Saudi Arabia following.
About The Stockholm International Peace Research Institute (SIPRI) :

  • SIPRI is an independent international institute focusing on conflict, armaments, arms control, and disarmament research.
  • Established in 1966, it offers data, analysis, and recommendations to policymakers, researchers, media, and the public.
  • Headquartered in Stockholm, Sweden.

Source:

https://indianexpress.com/article/india/india-4th-largest-military-spender-in-2023-sipri-9287292/