• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Security

Military expenditure report by SIPRI

April 27, 2022
in Security
Reading Time: 2 mins read
0
Military expenditure report by SIPRI
89
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news– The Stockholm International Peace Research Institute (SIPRI) has released the data on global military expenditure recently.

Key higlights of the report-

  • World military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion despite the economic fallout of the pandemic.
  • There was a slowdown in the rate of real-terms growth due to inflation. In nominal terms, however, military spending grew by 6.1%.’
  • As a result of a sharp economic recovery in 2021, the world military expenditure as a share of the world gross domestic product (GDP), fell by 0.1 percentage points, from 2.3% in 2020 to 2.2% in 2021.
  • According to data published by SIPRI, the top five military spenders—the United States, China, India, the United Kingdom, and Russia—accounted for 62 per cent of the global military expenditure.
  • The report noted that China’s military expenditure has grown for the 27th consecutive year.
  • Similarly, Russia also saw an increase in its military expenditure for the third consecutive year.
  • Stating that military spending in Asia and Oceania totalled $586 billion in 2021.
  • The increase in 2021 was due primarily to growth in Chinese and Indian military spending. Together, the two countries accounted for 63% of total military expenditure in the region in 2021.

India’s military expenditure-

  • India was the third-highest military spender in the world behind the US, amounting to $76.6 billion in 2021, grew by 0.9 per cent from 2020 and by 33 per cent from 2012.
  • It also says that in a drive to strengthen the indigenous arms industry, 64% of capital outlays in the 2021 Indian military budget were earmarked for acquisitions of domestically produced arm

About Stockholm International Peace Research Institute (SIPRI)-

  • Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public. 
  • Based in Stockholm, Sweden, SIPRI is regularly ranked among the most respected think tanks worldwide.
  • SIPRI’s organizational purpose is to conduct scientific research in issues on conflict and cooperation of importance for international peace and security, with the goal of contributing to an understanding for the conditions for a peaceful solution of international conflicts and sustainable peace.
image_pdfMake PDF
Source: The Hindu
Tags: NewspaperPrelims

Related Posts

INS Vagir

INS Vagir

January 24, 2023
Leopard 2 tank

Leopard 2 tank

January 21, 2023
SPRINT scheme

SPRINT scheme

January 13, 2023
Vibrant Village Programme

Vibrant Village Programme

January 2, 2023
BSF ‘Prahari’ app

BSF ‘Prahari’ app

December 31, 2022
Twitter’s new anti-doxxing policy

Twitter’s new anti-doxxing policy

December 21, 2022
INS Mormugao (Pennant D67)

INS Mormugao (Pennant D67)

December 19, 2022
What is end-to-end encryption?

What is end-to-end encryption?

December 13, 2022
New design of President’s Standard and Colour and Indian Navy Crest

New design of President’s Standard and Colour and Indian Navy Crest

December 6, 2022
Indian Coast Guard Advanced Light Helicopter (ALH) Mk-III squadron

Indian Coast Guard Advanced Light Helicopter (ALH) Mk-III squadron

December 2, 2022
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

January 2023
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Dec    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In