The stockhome international peace research institute released its annual report "Trends in world military expenditure,2019

The Stockhome International Peace Research Institute (SIPRI) released its annual report " Trends in world military expenditure, 2019

Features of this Report :- 

• Global Military Expenditure rose to $ 1917 billion in 2019
• India, China emerging among the top three spenders.
• Top five largest spenders accounted for 62% of the global expenditure.
• Top Five countries are The U.S.A>China>India>Russia>Saudi Arab
• Japan with $47.6 billion and South Korea with $43.9 billion  were the largest military spenders aprt from India and China.
• In 2019, Pakistan was 24th position compared to the19th in 2018.

India was the 4th Positionin 2018 with Saudi Arb at 3rd 

India specific data:- 

• The Reports highlights the India difence expenditure is growing in absolute terms.
• Defence Expenditure has been going down as a percentage of G.D.P.
• In 2019 the expenditure was 2.4% of tj3 Indian G.D.P.

About Stockhom International Peace Research Institute :- This think tank is an independent international institutr dedicated to research into conflict armaments, arms control and disarmed. It was established in 1966 at StockHome (Sweden)