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Defence Military Spending 2019-20

As per the report  on ‘Trends in World Military Expenditure, 2019’ by the SIPRI, the global military expenditure rose to $1917 Billion in 2019, almost 2.2% of the global Gross Domestic Product (GDP) representing an increase of 3.6% in annual growth as compared to 2018. The top five largest spenders — US - $732 Billion, China - $261 Billion, India - $71.10 Billion, Russia - $65.10 Billon and Saudi Arabia - $61.90 Billion, accounting for 62% of the global defence expenditure. Also to be noted that Pakistan’s military expenditure was $10.3 Billion about 4% of the GDP in 2019. The Indian budgetary figures of $71.1 Billion include all aspects of defence spending, including salaries and defence pensions, the civilian establishment of the Ministry Of Defence (MoD), the Coast Guard and the Border Roads Organization.  However, the revised estimates put Indian defence spending for 2019-20 at Rs 448,820 Crores or about $59.4 Billion approx. accounting 2.18 percent of the GDP and considering the revised estimate India is placed at 5th position in military spending.

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