India among top 5 military spenders in the world

Military spending accounted for 2.2 per cent of global gross domestic product

New Delhi, May 2: India and China were among the five biggest military spenders which together accounted for 60 per cent of the total global defence expenditure of $1.739 trillion in 2017, a Swedish arms watchdog said on Wednesday.

In a report, the Stockholm International Peace Research Institute (SIPRI) said China’s military expenditure rose again in 2017, continuing an upward trend that has lasted for more than two decades. According to the arms watchdog, the five top military spenders in 2017 were the US, China, Saudi Arabia, Russia and India. It said the total global military spending rose to $1.739 trillion which is an increase of 1.1 per cent compared to the expenditure in 2016. “Continuing high world military expenditure is a cause for serious concern,” Jan Eliasson, chair of the SIPRI governing board, said.

The report said China’s military spending, at an estimated $228 billion, accounted for 48 per cent of the total defence spending in the Asia and Oceania region, and was 3.6 times that of the region’s second largest spender, India. India spent $63.9 billion on its military in 2017, an increase of 5.5 per cent compared with 2016 and of 45 per cent since 2008. “The Indian government plans to expand, modernise and enhance the operational capability of its armed forces motivated, at least partially, by tensions with China and Pakistan,” the report said. Siemon Wezeman, Senior Researcher with the SIPRI, said, “Tensions between China and many of its neighbours continue to drive the growth in military spending in Asia.”

According to the report, China's spending as a share of world military expenditure has risen from 5.8 per cent in 2008 to 13 per cent in 2017. At $610 billion, the US military spending accounted for more than a third of the world total in 2017. The US’ spending was 2.7 times greater than the next highest spender, China, it said.

SIPRI said the US military spending was unchanged between 2016 and 2017. On the other hand, Russia's military spending fell for the first time since 1998, the report said, adding that the total global expenditure of 1.739 trillion was an increase of 1.1 per cent in real terms compared to the spending in 2016. At $66.3 billion, Russia's military spending in 2017 was 20 per cent lower than in 2016. — PTI

Global military spending rose to $1.739 trillion last year, a 1.1 per cent increase on 2016, At $610B, the US military spending accounted for more than a third of world total in 2017. The US spending was unchanged between 2016 and 2017.

China's military spending, at an estimated $228 billion, accounted for 48 per cent of the total defence spending in the Asia and Oceania region.

India spent $63.9 billion, an increase of 5.5 per cent compared with 2016 and of 45 per cent since 2008.