India's defence spending rose by 5.5 per cent to US$63.9 billion ($90.9b) in 2017, overtaking that of France as it became one of the world's top five military spenders, Stockholm International Peace Research Institute (SIPRI) said in a report released today.
The United States remains the world's biggest military spender by far, accounting for 35 percent of global expenditures, more than the next seven highest-spending countries combined.
"Military modernization remains a priority in Russian Federation, but the military budget has been restricted by economic problems that the country has experienced since 2014", said Siemon Wezeman, a military analyst at SIPRI.
India has been increasing military spending, and the cause is China, according to experts at the Stockholm International Peace Research Institute.
The United States retained the top spot at Dollars 610 billion, with unchanged military expenditure between 2016 and 2017.
SIPR said the five countries that spent the most on military in 2017 were the US, China, Saudi Arabia, Russia and India.
SIPRI found that military expenditure in Central Europe rose by 12% in 2017, "driven by the perceived threat from Russian Federation felt in many countries".
Global military expenditure rose to $1.7 trillion in 2017, the highest since the Cold War, according to a Stockholm-based worldwide survey released on Wednesday.
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Military expenditure in the Middle East rose by 6.2 per cent in 2017.** Spending by Saudi Arabia increased by 9.2 per cent in 2017 following a fall in 2016.
Regional trends: Total regional military spending fell in Africa (by 0.5 per cent) and in Europe (by 2.2 per cent) between 2016 and 2017.
Global military spending rose in 2017 to its highest level since the Cold War, with the U.S., China and Saudi Arabia topping the list, a Swedish-based research institute said Wednesday. In 2017 the United States of America spent more on its military than the next seven highest-spending countries combined. "It undermines the search for peaceful solutions to conflicts around the world", he added.
"We believe that the establishment of diplomatic ties between China and the Dominican Republic will certainly open up broad prospects for friendly cooperation between the two countries in various fields", spokeswoman Hua Chunying said. Some officials at the Kremlin have called for lower military spending to free up funds for such domestic initiatives.
While Russia's spending is trending downward, it still ranks fourth overall at $66.3 billion, which is more than every non-U.S. North Atlantic Treaty Organisation member.
Military expenditure in Africa decreased by 0.5 per cent in 2017, the third consecutive annual decrease since the peak in spending in 2014.
In India's case, however, increased military spending doesn't mean the armed forces are deploying state-of-the-art equipment. Military expenditure in the Americas remained unchanged in 2017, but was 11 per cent lower than in 2008.