Race for power, India is the fourth largest military spender in the world

News Daily Digital Desk: The war is raging around the world. In this situation, the powerful countries of the world have come down to prepare their defense system. India is not far behind. The country is moving ahead in the energy race. The information came to light recently. Where it is seen that India has risen to the fourth place in the world list of military expenditure. In 2023, India has spent 84 billion dollars on the modernization of the defense sector and the army. India is ranked after America, China and Russia in the world list.

According to a study by the Stockholm International Peace Research Institute, military spending has reached its highest peak in the past 35 years in a climate of global war. Global military spending reached $2.4 trillion last year, a 6.8 percent increase over 2022. The highest position in this list is in America. They spent $916 billion on the military last year, second only to China. Their defense spending was $296 billion in the last financial year. Russia spent $109 billion, followed by India at fourth place with $84 billion. In other words, even though India is ranked fourth in the list, compared to the other 3 countries, the difference in spending in the military sector of India is huge.

[আরও পড়ুন: সুগার লেবেল ৩০০ পার, দীর্ঘ টালবাহানা শেষে তিহাড়ে প্রথম ইনসুলিন পেলেন কেজরি]

India is followed by Saudi Arabia ($76 billion), Britain ($75 billion), Germany ($67 billion), Ukraine ($65 billion), France ($61 billion) and Japan ($50 billion). However, Pakistan is far down in this list. According to the report, India’s neighboring country is ranked 30th in the list by spending only $8.5 billion on the military sector.

[আরও পড়ুন: ভারতের বীরগাথা সিয়াচেন, ইঙ্গিতে পাকিস্তানকে সমঝে চলার হুঁশিয়ারি রাজনাথের]

Incidentally, in 2020, after the tense situation with the Red Army at the Galwan base in Ladakh, the Indian government has increased the amount of expenditure in the military sector to improve the defense sector. Along with the modernization of the army, along with the import of modern warplanes, helicopters, warships, rockets, missiles, construction work is also going on in the country under the Atmanirbhar Bharat project. 6.5 lakh crore has been allocated to the defense sector in the budget for the financial year 2023-24. According to the report, even in 2022, India ranked fourth in the world in terms of military expenditure. India’s defense expenditure that year was $81.4 billion.