As global hostilities rises, so rises India’s military expenses, grows to Third Highest in the Globe; Not a bad sign in 21st century. We explain why.
India’s military spending in 2021 is the third highest in the world at Rs 5.87 lakh crore or $76.6 billion — behind the United States and China but ahead of the United Kingdom and Russia — data released Monday by the Stockholm International Peace Research Institute (SIPRI) showed.
SIPRI is an independent international institution that focuses on conflict, armaments, arms control, and disarmament.