India emerges among the top three in military expenditure around the globe, behind the US and China
NEW DELHI: India has for the first time emerged among the top three nations in the world in terms of military expenditure, though the US spends more than 10 times and China almost four times its defence budget.
Latest data released by global think-tank Stockholm International Peace Research Institute (SIPRI) early on Monday shows the total global military expenditure rose to $1,917 billion in 2019, an increase of 3.6% from 2018.
The five biggest spenders were the US ($732 billion), China ($261 billion), India ($71.1 billion), Russia ($65.1 billion) and Saudi Arabia ($61.9 billion), together accounting for 62% of the global military expendi荣华彩票官网ture. “This is the first time that two Asian states (China was second in 2018 also, but India was fourth) have featured among the top three military spenders," said SIPRI.
India’s annual military expenditure, of course, includes a huge pension bill for around 3.3 million retired veterans and defence civilians. In the 2020-21 defence budget, for instance, the pension bill amounted to almost $18 billion out of the total $62 billion.
Moreover, apart from the ballooning pension bill, the revenue expenditure for the day-to-day running costs and salary bill of the 1.5 million strong Indian armed forces by far outstripped the outlay for military modernization.
India has also put on hold new major deals for weapon systems in the backdrop of the government currently grappling with the huge financial impact of the Covid-19 pandemic in the country, as was reported by TOI.
In effect, Indian armed forces, despite the country being the world’s third-largest defence spender and the second-largest arms importer behind only Saudi Arabia, continue to suffer from critical operational shortages on several fronts, ranging from fighters and submarines to basic infantry weapons and night-fighting capabilities.
It also reinforces India’s persisting failure to build a strong indigenous defence industrial base (DIB), which can make the country strategically vulnerable if supplies are choked in times of conflict.
SIPRI, on its part, said China’s military expenditure reached $261 billion in 2019, a 5.1% increase compared with2018, while India’s grew by 6.8% to $71.1 billion.
Pakistan was ranked at the 24thposition, with a military expenditure of $10.3 billion. In addition to China and India, Japan ($47.6 billion) and South Korea ($43.9 billion) were the largest military spenders in the Asia and Oceania region. “Military expenditure in the region has risen every year since at least 1989,” said the SIPRI report.
“India’s expenditure has grown by 259% over the 30-year period, 1990–2019, and by 37% over the decade 2010–19. However, its military burden fell from 2.7% (if defence pensions are taken into account) of GDP in 2010 to 2.4% in 2019,” it added.
Pakistan’s military expenditure, in turn, rose by 70% over the decade 2010–19, to reach $10.3 billion. Its military burden increased from 3.4% GDP in 2010 to 4% in 2019, it said.
The difference between the first, and the second and third spenders is that the first spends it all in their own country, and by giving defense contracts to their own companies. Next comes China which gets weapons and armaments from other nations, but then reverse engineers them and copies their designs shamelessly, the produces and sells them to bankrupt states like Pakistan. It is India which spends a lot of money importing weapons and other military hardware from abroad.
china and US puts 90% defense budgets on making their own equipments and lots on research. whereas india puts 70% of defense budget to buy from other countries,rest goes unaccountable mostly as bribes to middlemen and salaries,pensions.
After 2014, bribes and commissions have come down.
With hostile neighbours like China and Pakistan, India has no choice.
Annually, US spends on military more than combined spending of India, China, Russia, Israel, Pakistan. Now sense should prevail and use the money for hydroxycholroquine, ventila荣华彩票apptors and needed equipment to fight the corona epidemic.
What is the point? Pakistan and Bangladesh are separate muslim countries (not part of india), Pakistan still controls 33% kashmir, and india has to deploy 90% of the army in Kashmir to stop Pakistan.
Rip Van Winkle
BIackies dont have enough forces to fight Pak and China on regular borders
compulsions.wedo not require even 10% of the spending. nobody even dare touch us with a long stick.
this means nothing. compare it with total military assets each developed country has India will perhaps rank 30.
If Pakistan were friend of India, India would feed the hungry of the whole world. But!!!?!!!
Because of our neighbors, we are forced to buy lots of equipment to be ready with modern day weapons.
The credit goes to Pakistan that even paying 7 times less than India, Pakistan often put India own knees. One recent example is the debacle of India's heroism in the form of Pakistani capturing of an Indian pilot.
So what ? All these counties are fighting to control corona. To fight against Corina we don't require military hardware.
Indian Muslims Hate Papistan
inspite of getting advance weapons from America and billions military aid .
most inefficient Pakistani army lost all wars and half country.
Pakistani army is world most weak and coward force.
Perhaps India will win this important contest in the next round.
India holds worlds 1/3 rd of poor.
It is time rhat we nuclear bomb pakistan
Hope ur among the elite 3% of our population which actually pays tax