Defense sector experture: The Swedish think tank Stockholm International Peace Research Institute (SIPRI) said on 28 April that India has spent about nine times more money on defense in 2024 than Pakistan. The disclosure from SIPRI’s data shows that India is at number five in the world in terms of spending on the defense sector.

India and Pakistan spent so much on defense

In the year 2024, India’s expenditure in the defense sector increased by 1.6 percent, which stood at $ 86.1 billion. While Pakistan spent only $ 10.2 billion during this period. In fact, during the increasing tension between the two countries armed with heavy weapons after the terrorist incident in Pahalgam, Jammu and Kashmir on 22 April, it was found out which country has invested more money to strengthen the defense sector.

5 countries that spend the most on defense

The report shows that the US, China, Russia, Germany and India, among the countries spent on the world, have a total amount of US $ 1,635 billion. He has a 60 percent stake in the total global military expenditure.

Significantly, China’s expenditure on the army has increased by 7.0 percent to an estimated 314 billion US $. “Trends in World Military Expenditure 2024 with this study, it was told that China now holds a 50 percent share of total expenditure on the army in Asia and Oceania.

Russia shed money like water on defense

At the same time, Europe, including Russia, has also increased by 17 percent to US $ 693 billion. According to SIPRI estimated, in 2024, Russia spent around US $ 149 billion on the army, which is 38 percent higher than last year and doubles the figures recorded in 2015. This is equal to 7.1 percent of Total GDP of Russia and 19 percent of the total expenditure of the government. In 2024, Ukraine’s military budget has also seen a 2.9 percent jump, a total of 64.7 billion dollars, which is 43 % of Russia’s military expenses. It is 34 percent of GDP here.

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