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World Military Spending Rose in 2020, India by 34% the Past Decade Indians bear the third largest military burden in the world UNITED NATIONS (IPS) - The United Nations which is desperately seeking funds to help developing nations battling a staggering array of socioeconomic problems, including extreme poverty, hunger, economic inequalities and environmental hazards has continued to be one of the strongest advocates of disarmament. The world body has relentlessly campaigned for reduced military spending in an attempt to help divert some of these resources into sustainable development and humanitarian assistance. But according to a new report released April 26 by the Stockholm International Peace Research Institute (SIPRI), world military expenditure rose to nearly $2 trillion in 2020, an increase of 2.6 percent, in real terms, from 2019.

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