In this article, we are giving you the details of How Military Expenditure is Increasing Across the World? The Global Defense expense has reached 1739 billion dollars in 2017. Moreover, In Top 5 Leading Countries India & China place themselves as who leads military expense in the whole world. However, 60% of military expenditure is done by these top 5 Countries. According to an information by Stockholm International Peace Research Institute, In past 2 Decades, the military expenditure increases.
Right now the Top 5 leading countries in defense expenditure are America, China, Saudi Arabia, Russia & India. The report explains, At Global level, the defense expenditure increase by 1.1% which is 1739 billion dollar right now. The Head of Operation board of SIPRI says the continuous rise in defense expenditure is a matter of concern.
Read How Military Expenditure is Increasing Across the World?
China spends on its military 228 Billion Dollar a year which is 48% of the total defense expenditures of Asia. Moreover, It is 3.6 times more than India’s defense expenditure who is 2nd Largest in Asia. In 2017, India’s defense expenditure was 63.9 billion dollar. However, it now increases up to 5.5% higher. In comparison to 2008, the defense expenditure of India is 45% More.
The report also claims because of the tension with China & Pakistan, Indian Government expands its military forces. Moreover, the Indian government also works on modernization and operational efficiency.
US Military expense leads the whole world with 610 billion dollars in the year 2017. It has 1/3 of the world’s military expenditure.
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