Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

World military spending up in 2015, India in sixth position

  1. Context: The latest report from the Stockholm International Peace Research Institute
  2. News: India is the 6th largest military spender in 2015 having spent $51.3 billion
  3. India moved one rank up from last year accounting for 3.1 percent of global military expenditure
  4. Significance: India is also ahead of countries like France, Germany and Israel who happen to be among its top arms suppliers
  5. Fact: The US remained by far the world’s largest spender in 2015, followed by China, Saudi Arabia, Russia and UK

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