Current Context: Stockholm International Peace Research Institute (SIPRI) released a report titled "Trends in World Military Expenditure, 2019".
- The report is a detail analysis of spending in military sector by the countries in the year 2019.
- As per the report the global military spending in 2019 was 2.2% of the global GDP that is 7.2% higher in 2019 as compared with the year 2010.
- The report stated that the total global military expenditure rose to $1,917 billion in 2019, which is an increase of 3.6% from 2018 and the largest annual growth in spending since 2010.
- Highlights for India: The military spending of India grew by 6.8% to $71.1 billion in 2019. India spent $71.1 billion on defence in 2019 which is 2.4% of its GDP and has thus raised to 3rd position in 2019 from 4th position in 2018. India has become the third-largest military spender in the world, after the US and China.
Static Part:
- HQ of SIPRI: Solna, Sweden
Question:
Q.1 As per the Trends in World Military Expenditure, 2019 Report by SIPRI, what is the position of India in terms of spending in military and defence sector?
a. 2nd
b. 3rd
c. 4th
d. 5th
a. 2nd
b. 3rd
c. 4th
d. 5th
