Global military spending reaches unprecented!!!
Global military spending reaches unprecented!!!
Global defense spending on military plants and security goods in the world reached an all-time high of $2.1 trillion in 2021. At the same time, india has become the third-largest defense expenditure country in the world after America and China. Stockholm international Peace Research Institute (SIPRI) has made a big claim regarding security expenses.
India is included in the top three countriesTalking about the top countries, the top five military spending countries as per the data published by SIPRI are the United States, china, india, the United Kingdom, and Russia. Their spending accounts for 62 percent of global military spending. SIPRI said India's military spending, $76.6 billion in 2021, grew 0.9 percent from 2020 and 33 percent from 2012. india has given priority to increasing spending in the defense sector amid ongoing tensions and data-border disputes with china and Pakistan.
America and china have also increased their spendingOn the other hand, when it comes to America's spending, the US contributed 38 percent of global military spending and china contributed about 14 percent, while britain has moved up two ranks in 2021, spending $ 68.4 billion. The report said that China's military spending has also increased for the 27th year in a row.The pandemic did not reduce military spendingThe report says that while the corona epidemic has devastated the economic system around the world, there has been no reduction in military spending anywhere in the world. In the year 2021, the three countries of the world, india, china, and America have not cut military spending.
Global defense spending on military plants and security goods in the world reached an all-time high of $2.1 trillion in 2021. At the same time, india has become the third-largest defense expenditure country in the world after America and China. Stockholm international Peace Research Institute (SIPRI) has made a big claim regarding security expenses.
India is included in the top three countriesTalking about the top countries, the top five military spending countries as per the data published by SIPRI are the United States, china, india, the United Kingdom, and Russia. Their spending accounts for 62 percent of global military spending. SIPRI said India's military spending, $76.6 billion in 2021, grew 0.9 percent from 2020 and 33 percent from 2012. india has given priority to increasing spending in the defense sector amid ongoing tensions and data-border disputes with china and Pakistan.
America and china have also increased their spendingOn the other hand, when it comes to America's spending, the US contributed 38 percent of global military spending and china contributed about 14 percent, while britain has moved up two ranks in 2021, spending $ 68.4 billion. The report said that China's military spending has also increased for the 27th year in a row.The pandemic did not reduce military spendingThe report says that while the corona epidemic has devastated the economic system around the world, there has been no reduction in military spending anywhere in the world. In the year 2021, the three countries of the world, india, china, and America have not cut military spending.