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Military expenditure
According to a recent report by the Stockholm International Peace Research Institute (SIPRI), India's military spending has increased by 3.1 percent in 2018. Sapri has presented statistics of military expenditure on the global scale.The objective of presenting the military expenditure report by the Stockholm International Peace Research Institute (SIPRI) is to create a peaceful world where the sources of insecurity are recognized and understood, conflicts should be stopped or resolved and peace can be maintained.
Facts related to IndiaAccording to statistics presented by Sapri, India is fourth in the year 2018 in terms of expenditure on army. While India was fifth in the list in the year 2017
In 2018, India increased its military expenditure by 3.1 percent to $ 66.5 billion. In 2018, India's share in total military expenditure at the global level was 3.7%.
The report of the Stockholm International Peace Research Institute came at a time when India is making huge investments in enhancing its military capabilities with new fighters, jets, warships, helicopters, artillery and infantry weapons.
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