China and India led the Asian region in military spending, according to the data for the year from the Stockholm International Peace Research Institute (SIPRI).
India was the third largest military spender in the world in 2020, behind only the US and China. According to the latest military expenditure database published on Stockholm International Peace Research Institute, which tracks military expenditure and arms trade globally, the US accounted for 39 per cent of the money spent on military globally, China accounted for 13 per cent, and India accounted for 3.7 per cent of the globe’s share.
The US spent a total of $778 billion in 2020, China spent $252 billion and India’s military expenditure was $72.9 billion. All three countries saw their military spending go up compared to 2019, even during a pandemic year.
India ranks second largest military spender in Asia after china, and third largest in world
India ranks second in top military spender in Asia after China, remains the third biggest military spender in the world only next to USA and China. And ranks 7th in the world in foreign reserves. Unprecedented growth in a quarter of a century.
By Indography
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