Summary India’s military expenses augmented to $55.9 billion after a rise of 8.5 percent last year.
NEW DELHI (Daily Dunya) – An annual report on defence spending by Stockholm International Peace Research Institute has revealed that India was the world’s highest military spender in 2016.
India’s military expenses augmented to $55.9 billion after a rise of 8.5 percent last year. The United States tops the list as its military spending grew by 1.7% between 2015 and 2016 to $611 billion.
The 15 largest spenders on military account for $1,360 billion, or 81%, of total global military spending. #SIPRIFacts #Milex #Arms pic.twitter.com/0XZ1JfQCKK
— SIPRI (@SIPRIorg) April 24, 2017
Other countries included in the list are China, Japan, South Korea and Australia. China comes second on the list with $215 billion expenditure whereas Russia takes the third spot after its military spending amplified to 5.9% last year to $69.2 billion.
It is pertinent to mention here that Pakistan ranks nowhere in the list of 15 states who make up 81% of global military spending.
