New Delhi: Even India and China as one of the top five military spending in 2024, India’s military expenses were lower than that of China, according to, according to, according to Stockholm International Peace Research Institute (SIPRI) Latest data on trends in world military expenditure, 2024.
According to SIPRI reports, in the total part of the world’s world military expenditure in the top 15 countries, India had a 3.2 percent account in India, while China had 12 percent of the global stock.
India was ranked fifth among the top 5 countries, with the highest part of military expenses, while China was second in the same index. America was ranked first.
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In 2024, India calculated $ 86.1 billion, while China spent $ 314 billion on its army in 2024 – from 2023 to 7 percent.
According to SIPRI reports, India increased its expenditure in 2023 to $ 86.1 billion in 2024 – an increase of 42 percent from 2015.
Pakistan caught the 29th rank, calculated by $ 10.2 billion.
The report stated, “India, which is one of the world’s largest arms importers, has laid a policy aimed at reducing its dependence on weapons imports. The policy has made significant progress over the years.
It also said that the country depended on imports for advanced systems like Combat Aircraft.
The top five -largest spends in 2024 were America, China, Russia, Germany and India. These countries had 60 percent of the world military expenditure simultaneously.
According to SIPRI reports, “China’s rising expenses are largely inspired by its long -term target of modernization in all domains by 2035.”
China is believed to have unveiled many better capabilities in 2024, such as new stealth combat aircraft, uncreded aerial vehicles (UAVs), and underwater underwater vehicles.
The report also stated that China continued to expand its nuclear arsenal rapidly in 2024 and went to strengthen some types of counterpace and cyberwafare capabilities. “It establishes separate aerospace and cyberspace forces in 2024,” the report states.
According to the report, world military expenditure increased to $ 2,718 billion in 2024 in 2024. This meant that now the expenses have increased every year for the entire decade, increasing by 37 percent between 2015 and 2024, the report states.
Together, 2024 had 80 percent of the global military expenses ($ 2,185 billion) in 2024, giving 79 percent of the total increase in spending in the year.
In addition, as a result of increased geo -political stresses worldwide, all five geographical regions of the world increased military expenditure in a row for the second time.
The report stated, “The decade growth in global expenses can be partially attributed to the increase in spending in Europe, which is inspired by the large-scale Russia-Ukraine war, and in the Middle East, is run by the war in Gaza and wide regional conflicts,” the report says.
America and China, being the two largest military expenses, were about half of the world’s military expenses in 2024.
The third largest Russian military expenses in the world reached an estimated $ 149 billion. It was 38 percent higher than in 2023 and doubled in 2015.
“Its military expenses in 2024 were 7.1 percent of its GDP and 19 percent of the total Russian government,” said this.
(Buy edit Zinnia Ray Chaudhuri)
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