India on 24 April 2017 became by far the fifth-largest military spender, per the figures released because of the Stockholm International Peace Research Institute (SIPRI). India spent around USD 55.9 billion ready for its military in 2016.
According to the details of SIPRI, the United States continues to be world's largest military spender with China, Russia, and Saudi Arabia at 2nd, 3rd and 4th position respectively. Additional prominent military spenders are Japan, South Korea, and Australia.Highlights of the planet military expenditure per SIPRI• Global military spending amounted to 2.2 percent of this worldwide GDP. • Military spending as being a share of GDP was highest in the Middle East and was the lowest in the Americas. • In Asia and Oceania, military expenditure increased by 4.6 percent in 2016, that was caused by tensions in the community such claims of territorial rights from various countries in the South China Sea.• The US may be the top spender whose military expenditure grew 1.7 percent between 2015 and 2016 to USD 611 billion. • China, Russia, and Saudi Arabia stood at 2nd, 3rd and 4th position respectively in the top 5 directory of military spenders.• Saudi Arabia, that was thirdly largest spender in 2015, is now ranked at 4th position in 2016 by using a spending of USD 63.7 billion. • Pakistan wouldn't estimate the list of top 15 spenders that's why spent USD 9.93 billion in 2016. • Military expenditure in Western Europe rose in the second consecutive year and was up by 2.6 percent in 2016.