2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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55.3 billion US dollars
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71.3 billion US dollars
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51.3 billion US dollars
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61.4 billion US dollars
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Detailed explanation-1: -Military expenditure according to SIPRI’s estimates in 2015 was 2.3 per cent of global GDP.
Detailed explanation-2: -The finance Minister has hiked the defence budget for FY 2015-16 by 9.46 per cent to Rs 2, 46, 727 crore, which is Rs 23, 357 crore more than the revised estimates for the current financial year that stand at Rs 2, 22, 370 crore.
Detailed explanation-3: -The SIPRI Military Expenditure Database contains consistent time series on the military spending of countries for the period 1949–2021. The database is updated annually, which may include updates to data for any of the years included in the database.
Detailed explanation-4: -By Abhishek Bhalla : India stands at fourth position among 12 countries of the Indo-Pacific in self-reliant defence production, says a study by the Stockholm International Peace Research Institute (SIPRI) that assessed self-reliance in arms production.
Detailed explanation-5: -India’s defence budget is about 13% of central government’s total expenditure. That’s roughly 2.9% of India’s GDP.