India’s fourth-largest military With a total of $83.6 billion spent on the military in 2023, India was the fourth-largest spender in the world, up 4.2% from the year before. This information is taken from a report published by the Stockholm International Peace Research Institute (SIPRI), which also showed that military spending has increased globally, rising to $2,443 billion, or 7% more than in 2022. Russia, China, and the United States were among the top ten countries that increased their military spending.
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According to a reputable war think-tank, India spent the fourth most on the military in the world in 2023. The nation spent 4.2% more on military spending in 2022, totaling $83.6 billion.
Global military spending increased by 7% to $2,443 billion in 2023, marking the highest annual growth since 2009, according to the most recent Stockholm International Peace Research Institute report (SIPRI).
The United States, China, and Russia topped the list of the ten countries that boosted their military spending in 2023, according to the research.
According to Nan Tian, Senior Researcher at SIPRI’s Military Expenditure and Arms Production Programme, the rise was a direct reaction to a decline in peace and security throughout the world.
“States are prioritizing military strength but they risk an action-reaction spiral in the increasingly volatile geopolitical and security landscape,” Tian stated.
SIPRI noted that the percentage change was stated in real terms using constant 2022 prices.
With a protracted struggle between the government and non-state armed groups, the Democratic Republic of the Congo (+105%) saw the greatest percentage increase in military spending by any nation in 2023. According to the survey, South Sudan saw the second-largest percentage growth (78%) amid internal conflict and the aftermath of the Sudanese civil war.
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