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Pic courtesy: military mortgage center<\/span><\/p>\n SIPRI (Stockholm International Peace Research Institute) is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.<\/span><\/p>\n SIPRI Yearbook 2021 has been published and it presents a combination of original data in areas such as world military expenditure, international arms transfers, arms production, nuclear forces, armed conflicts and multilateral peace operations.<\/span><\/p>\n Relevant extracts on military expenditure are given below:-<\/span><\/p>\n <\/p>\n World Military Expenditure<\/u><\/strong><\/span><\/p>\n <\/p>\n The growth in total spending in 2020 was largely influenced by expenditure patterns in the United States and China.<\/span><\/p>\n <\/p>\n World military expenditure is estimated to have been US$1981 billion in 2020. Total spending was 2.6 per cent higher than in 2019 and 9.3 per cent higher than in 2011.<\/span><\/p>\n <\/p>\n Military spending increased in at least four of the world\u2019s five regions is :-<\/span> <\/p>\n Impact of Covid-19<\/u><\/strong><\/span><\/p>\n <\/p>\n While the impact of the Covid-19 pandemic on military spending will become clearer in the coming years, general observations about its impact are as follows:-<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n The Largest Military Spenders in 2020<\/u><\/strong><\/span><\/p>\n <\/p>\n The USA<\/em><\/strong> increased its military spending for the third straight year to reach $778 billion in 2020, a 4.4 per cent increase since 2019 but a 10 per cent decrease since 2011.<\/span><\/p>\n <\/p>\n China\u2019s<\/em><\/strong> military expenditure is estimated at $252 billion in 2020, representing an increase of 1.9 per cent since 2019 and 76 per cent since 2011. Chinese spending has risen for 26 consecutive years. It is the longest streak of uninterrupted increases by any country in the SIPRI Military Expenditure Database.<\/span><\/p>\n <\/p>\n India\u2019s<\/em><\/strong> spending of $72.9 billion, an increase of 2.1 per cent in 2020, ranked it as the third highest spender in the world.<\/span><\/p>\n <\/p>\n Russia\u2019s<\/em><\/strong> total military spending was $61.7 billion. This was 2.5 per cent higher than in 2019, but 6.6 per cent lower than the initial budget for 2020.<\/span><\/p>\n <\/p>\n The fifth biggest spender, the United Kingdom<\/em><\/strong>, raised its military expenditure by 2.9 per cent in 2020. This was the UK\u2019s second highest annual growth rate in the period 2011\u201320, a decade that until 2017 was characterized by military spending cuts.<\/span><\/p>\n <\/p>\n Main Exporters and Importers<\/u><\/strong><\/span><\/p>\n <\/p>\n Observations and Analysis<\/u><\/strong><\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n Bottom Line<\/u><\/strong><\/span><\/p>\n India cannot match China in defence expenditure.<\/span><\/p>\n <\/p>\n Question<\/u><\/strong><\/span><\/p>\n Will India be able to break its dependence on military imports?<\/span><\/p>\n <\/p>\n Wild Thought<\/u><\/strong><\/span><\/p>\n Maybe the unrest world over is sponsored by the arms industry.<\/span><\/p>\n <\/p>\n Suggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\n For regular updates, please register here<\/span><\/p>\n
\n\u2022 5.1 per cent in Africa<\/span>
\n\u2022 4.0 per cent in Europe<\/span>
\n\u2022 3.9 per cent in the Americas <\/span>
\n\u2022 2.5 per cent in Asia and Oceania.<\/span><\/p>\n\n
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