World military spending rising high..!? Where is India ...?

Sowmiya Sriram
World military spending rising high..!? Where is india ...?

Global military spending exceeds 2 trillion dollars. The next wave of Corona is holding many countries in its grip. However, the nations of the world are paying serious attention to their security. They continue to accumulate more investment in their military spending. According to a report released by Sweden's Stockholm international Peace Research Center (SIPRI), world spending on the military in 2021 is the highest ever, at 2.1 trillion (1 trillion is 1 trillion US dollars). The dollar is reported to have crossed.
The top 5 are the United States, China, india, the United Kingdom, and Russia. The military spending of these 5 countries is 62 percent of the total. In 2021, total international military spending increased by 0.7 percent. According to Dr. Diego Lopez da Silva, a senior researcher at the organization's military spending and weapons production program, inflation has caused the growth rate to remain sluggish. Despite the economic downturn caused by the Corona pandemic, world military spending has reached record levels. He said military spending was up 6.1 percent.
As a result of the economic recovery from the Corona pandemic, 2.2 percent of GDP has been spent on the military. The rate was 2.3 percent in 2020. Compared to the previous year in the United States, military spending has decreased. In 2021, US military spending was estimated at $ 801 billion. This is 1.4 percent less than the amount spent in 2020.
In the nine years from 2012 to 2021, funding for military research and development has increased by 24 percent. However, it reduced its arms purchases to 6.4 percent. China, in second place, has spent $ 293 billion on the military by 2021. This is 4.7 percent more than what was spent in 2020.
The 3rd largest indian military has spent Rs 7,660 crore. This is 0.9 percent more than in 2020. This is 33 percent more than in 2012. The UK is in 4th place with an expenditure of Rs 6,840 crore, an increase of 3 percent over 2020. Russia, in 5th place, has spent 6,590 crores on the military. The current year is 2.9 percent higher than the previous year.
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