Saturday, May 24, 2025
More
    HomeNationalIndia to be the World's Fourth Largest Defence Spender in 2022, says...

    India to be the World’s Fourth Largest Defence Spender in 2022, says New Delhi

    Related stories

    New Covid Variant Detected in City

    Hyderabad has reported its first COVID-19 case in recent...

    Office Rents Rise 24% in Hyderabad, 28% in Mumbai Region

    Hyderabad is quickly becoming one of India’s top cities...

    Worldcoin price increases 23% after $135M a16z deal, can it reach $2?

    The post Worldcoin Price Jumps 23% Post $135M a16z Deal, Can Worldcoin Rally To $2? appeared first on Coinpedia Fintech News Key Takeaways WLD jumped 23% following a $135M spot token sale to a16z and Bain Capital. WorldChain DEX volume spiked to $2.9M on May 20 — a 5-month high. Open interest hit a 4-month high at $412.77M, up 28.9% from February. RSI at 71.44, MACD momentum, and rising BBTrend confirm trend strength. Support sits at …

    Oxford Grammar High School Holds Fun Summer Camp 2025

    Oxford Grammar High School recently concluded its energetic and...
    -Advertisement-

    India’s defence spending rose by around six percent in 2022, making it the world’s fourth largest spender on military affairs. This information comes from a report by Swedish think tank Stockholm International Peace Research Institute (SIPRI). The report states that around 23% of India’s spending was towards equipment and infrastructure, including that along the China border where tensions continue. However, a large part of the spending went towards salaries and pensions.

    India spent USD 81.4 billion on military expenditure in 2022. This represents a six percent increase from 2021 and a 47 percent increase from 2013. The report suggests that the increase in spending is due to border tensions with China and Pakistan. Capital outlays, which fund equipment upgrades for the armed forces and military infrastructure along its disputed border with China, accounted for 23% of total military spending in 2022. Personnel expenses, such as salaries and pensions, remained the largest expenditure category in the Indian military budget, accounting for around half of all military spending.

    - Advertisement -
    Also read:  Congress calls BJP and BRS distraction groups

    The United States was the top spender on military affairs in 2022, accounting for 39% of the world’s military spending. China was the second highest spender (13%), followed by Russia (3.9%), India (3.6%), and Saudi Arabia (3.3%). Together, these five countries accounted for 63% of total global military spending in 2022.

    - Advertisement -

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here