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.
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.