India third largest military spender globally behind US, China


New Delhi, Apr 27: India is the third highest military spender behind the United States and China, according to the latest military expenditure database prepared by the Stockholm International Peace Research Institute.

It said that the US accounted for 39 per cent of the money spent on military globally, followed by China at 13 per cent and India at 3.7 per cent. In 2020, the US spent USD 778 billion. China spent USD 252 billion and India USD 72.9 billion, the report also said.

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