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INDIA AMONG TOP GLOBAL MILITARY SPENDERS Why in the News? India has emerged as the 5th largest military spender globally in 2025, according to Stockholm International Peace Research Institute report. India’s defence expenditure reached $92.1 billion, reflecting a significant increase amid evolving regional and global security challenges. Key highlights of the report Global ranking: India …
Read MoreWhy 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 …
Read MoreWhy in the news ? Consolidation of defence budget ensures no capital fund shortage for Indian Air Force; streamlining procurement and enhancing flexibility. source:BS About the Capital Funds Consolidation: The Indian Air Force (IAF) assures no shortage of capital funds due to consolidation in the defence budget for 2024-25. Previously, capital funds were allocated separately …
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