India at number 5 among world's top defence spenders. India moved from 7th to 5th place after its largest annual military spending increase since 2009. China is 2nd on the list. India surpassed France to become one of the world's five largest military spenders, Swedish arms watchdog Stockholm International Peace Research Institute (SIPRI) Report. India spent $63.9 billion on its military in 2017, an increase of 5.5% compared with 2016. The other countries in top five include the US, China, Saudi Arabia, and Russia.
Published On : 04 May 2018