The Stockholm International Peace Research Institute (SIPRI)
on Monday released a report on the annual expenditure of the world's major
armies. According to this, world military spending reached an all-time high in
2021 with US$ 2.1 trillion. America is at the top in terms of highest military
spending. It is followed by China and then India at number three. If we talk
about India, then four years ago i.e. in 2018, India was on the 5th position
and then the total military expenditure was $ 66.5 billion. That is, by 2021,
this expenditure has increased by $ 10.1 billion (Rs 7.74 lakh crore).
Source: Wikimedia
Global
military expenditure up 0.7%
According to the report, the global military expenditure
grew by 0.7% to reach US$ 2,113 billion in 2021. The US, China, India, United
Kingdom (UK) and Russia were among the five countries that spent the most on
the military in 2021. These 5 countries alone spent 62% of the total
expenditure.
Dr. Diego Lopez da Silva, Senior Researcher of SIPRI's
Military Expenditure and Arms Production Program said – Military spending
reached a record level even amid the economic fallout after the Corona epidemic.
There was a slowdown in the growth rate due to inflation. Nevertheless, military
spending increased by 6.1%.
India
increased defence budget
India's military expenditure last year stood at the third
position with USD 76.6 billion. The government increased by 0.9% compared to
2020. India has increased the military budget due to the ongoing tension and
border disputes with China and Pakistan.
India's military expenditure of US $ 76.6 billion, i.e. Rs
5.87 lakh crore, is third in the world. This is 0.9% higher than 2020 and 33%
higher than 2012. 64% of the budget was earmarked in the 2021 military budget
to strengthen the indigenous arms industry and increase self-reliance.
That's why
America remains on top
According to the report, US military spending reached US $
801 billion in 2021, which is 1.4% less than in 2020. In 10 years, the US
increased the budget for military research and development by 24% and decreased
spending on weapons purchases by 6.4%. In second place is China, which spent
293 billion US dollars on defence. It was 4.7% higher as compared to 2020.
Ukraine war
increased Russia's spending
Britain spent $68.4 billion on defence last year, up 3% over
2020. At the same time, Russia, which has been attacking Ukraine for two
months, has retained the fifth position in defence spending. Russia increased
its military spending by 2.9% to US$65.9 billion in 2021. It was at the same
time that he was sending his forces to the Ukrainian border.
Russia has spent more than $20 billion on the military since
the start of the war. Ukraine spent $5.9 billion on its military in 2021, less
than a tenth of Russia's budget. Ukraine spent about $10 billion on the
military in March. After this, NATO and America helped him with open arms. So, it is not possible to estimate at the moment how much he spent in April.
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