18 May '18, 8am

#India is one of the top 5 #military spenders in the world

#India is one of the top 5 #military spenders in the world

India has joined the United States and China as one of the world’s five biggest military spenders this year, as the balance of military spending shifts further towards Asia. India’s defence spending rose by 5.5% to $63.9 billion in 2017, as the South Asian country leapfrogged France in the expenditure ranking. Image: Bloomberg/Stockholm International Peace Research Institute Overall global military spending rose by 1.1% to $1,739 billion in 2017, according to the figures collated by the Stockholm International Peace Research Institute . That is the highest level since the end of the Cold War, after the global total remained more or less stable between 2012 and 2016. Meanwhile, the regions of the world that are wielding the most might are changing. “At the global level, the weight of military spending is clearly shifting away from the Euro–Atlantic region,” says Dr Nan Tian...

Full article: https://www.weforum.org/agenda/2018/05/india-worlds-bigge...

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