2016
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Question
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4
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10
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6
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7
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Detailed explanation-1: -"However, as per data available on Stockholm International Peace Research Institute’s (SIPRI) website, India’s military spending for the year 2021 is ranked as third highest in the world, ” he said.
Detailed explanation-2: -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-3: -The United States, despite a drop in 2015, is still the biggest global spender on its military, with a 2015 expenditure of almost $600 billion. This is considerably higher than the next biggest spender, China, which spent an estimated $215 billion on military.
Detailed explanation-4: -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.