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