Growth in Global Military Spending Accelerated in 2023, Think-Tank SIPRI Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
In 2023, India ranked as the world s fourth-largest military spender, with a total expenditure of $83.6 billion, marking a 4.2% increase from the previous year. This data comes from a report by the Stockholm International Peace Research Institute (SIPRI), which also revealed a global rise in military spending, reaching $2,443 billion, a 7% increase from 2022. The top 10 spenders, including the United States, China, and Russia, all boosted their military expenditures.
STOCKHOLM -Global military expenditure grew 7% to $2.43 trillion in 2023, the steepest annual rise since 2009 as international peace and security deteriorated, a leading think-tank. -April 22, 2024 at 03:52 am EDT
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In 2023, India ranked as the world s fourth-largest military spender, with a total expenditure of $83.6 billion, marking a 4.2% increase from the previous year. This data comes from a report by the Stockholm International Peace Research Institute (SIPRI), which also revealed a global rise in military spending, reaching $2,443 billion, a 7% increase from 2022. The top 10 spenders, including the United States, China, and Russia, all boosted their military expenditures.