India has become world’s fifth-largest military spender after the expenditure grew by 8.5 per cent in 2016. According to figures released by the Stockholm International Peace Research Institute (SIPRI), India spent $55.9 billion in 2016. Here are 10 things to know about the findings:

  1. The US remains the world’s largest military spender with a growth of 1.7 percent between 2015 and 2016 increasing the expenditure to $611 billion.

  2. China’s military expenditure has increased by 5.4 percent and is now $215 billion. However, the growth rate is much lower than the previous years.
  3. After China, third in line is Russia with $69.2 billion and an increase of 5.9 percent.
  4. Saudi Arabia dropped to the fourth position in 2016 after its spending dropped by 30 percent despite continued involvement in regional wars.
  5. The list of top 15 spenders includes Japan, South Korea, and Australia. Pakistan, with its $9.93 billion expenditure, does not figure in the top 15 list.
  6. Military expenditure in Western Europe rose for the second consecutive year and was up by 2.6 percent.
  7. In 2016, the global military spending accounted for 2.2 percent of the worldwide GDP.
  8. Military spending as a share of GDP was highest in the Middle East with an average of 6.0 percent. However, data for all Middle Eastern countries was not available.
  9. In Asia and Oceania (Australia, New Zealand, Fiji, and others), military expenditure rose by 4.6 per cent in 2016. Spending levels are related to the many tensions in the region such as over territorial rights in the South China Sea.
  10. “The growth in US military expenditure in 2016 may signal the end of a trend of decreases in spending, which resulted from the economic crisis and the withdrawal of US troops from Afghanistan and Iraq,”

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