According to the report, 39 percent of the military expenditure (military expenditure) was made by the United States, 13 percent by China and 3.7 percent by India.
From 2011 to 2020, India’s military spending increased by 34 percent.
In the year 2020, India (India) was the third largest military expenditure country in the world, lagging behind only the US (US) and China (China). The Military Spending Database report was published on Monday by the Stockholm International Peace Research Institute, which tracks military spending and arms trade globally. According to the report, 39 percent of the worldwide military expenditure was made by the United States, 13 percent by China and 3.7 percent by India.
The United States spent a total of $ 778 billion in 2020. China spent $ 252 billion and India spent $ 72.9 billion. In this way, these three countries kept their military spending higher than in 2019 even during the epidemic. Since 2019, India’s spending has increased by 2.1 percent. China’s growth rate was 1.9 percent and the US increased its military spending by 4.4 percent in 2019.
Military spending figures from 2011 to 2020
From 2011 to 2020, US military spending fell by 10 percent, while China increased 76 percent during this period. At the same time, India’s military spending increased by 34 percent from 2011 to 2020. SIPRI stated that military spending in Asia and Oceania was “2.5 percent higher in 2020 than in 2019 and 47 percent higher than in 2011, which has continued unabated since at least 1989.”
Russia-UK-Saudi Arabia also top the list
The credit for this increase mainly goes to China and India, whose share in 2020 is 62 percent of the total military expenditure in the region. In the list of other top spenders, Russia is $ 61.7 billion, UK $ 59.2 billion, Saudi Arabia $ 57.5 billion. After this, Germany and France have spent $ 53 billion. SIPRI said that total global military expenditure increased to $ 1981 billion last year, thus increasing 2.6 percent in real time in 2019. The five largest spenders accounted for 62 percent in 2020.
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