New Delhi:
India was the fourth largest spender on defense in the world last year. India spent six percent more amount in the year 2022 than in the year 2021. This information has been given by the German think tank ‘Stockholm International Peace Research Institute’ (SIPRI) in its report.
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According to the Military Expenditure Report, India spent around 23 per cent of the total defense budget on equipment and infrastructure development, which includes expenditure on the border with China where tensions are running with the neighboring country. According to the report, most of the defense budget of India was spent on salary and pension.
According to the report, India spent a total of $ 81.4 billion on defense in the year 2022, which is six percent more than the year 2021 and 47 percent more than the year 2013. “The increase in India’s defense budget echoes tensions along its borders with China and Pakistan,” said the report released on Monday.
According to the report, during the year 2022, the expenditure on defense worldwide is 39 percent in the eyes of America alone. It is followed by China with 13 dimensions. Russia, India, and Saudi Arabia join in: third, fourth, and fifth with 3.9 percent, 3.6 percent, and 3.3 percent of defense spending.
According to the report, in the year 2022, 63 percent of the world’s defense expenditure will be from the top five small countries. According to Sipri, in the year 2022, the largest 15 expectorant countries account for 82 percent of the world military expenditure and this expenditure is $ 1,842 billion. According to the report, in the year 2022, the World Military Exhibition has increased by 3.7 percent to $ 2,240 billion. The military exhibition has seen the fastest growth in Europe in at least 30 years.
It is subordinated that in the year 2021, with military expenditure of $ 76.6 billion, India was the third country in terms of spending on the defense sector, while in the year 2016 it was the fifth highest military spending country with $ 55.9 billion.
(This news has not been edited by ANDITV team. It is published directly from the syndicate.)