Global Military Spending Hits Record High in 2024-25, India Ranks Fifth
| Category | Details |
|---|---|
| Global Military Spending | $2,718 billion in 2024, steepest rise since the Cold War. |
| Primary Driver | Rising geopolitical tensions, including Russia-Ukraine conflict & Middle East instability. |
| Top Spenders | 1. United States ($997B, 37%), 2. China ($314B, 12%), 3. Russia ($149B, 5.5%) |
| India's Position | 5th largest spender with $86.1B, a 1.6% increase from 2023. |
| India's Comparison | Nine times larger defense budget than Pakistan. |
| Germany's Increase | 28% rise to $88.5B, driven by European security concerns. |
| Ukraine's Surge | 34% increase to $64.7B due to ongoing conflict with Russia. |
| Regional Focus | Europe and the Middle East saw the largest increases in defense budgets. |
| Other Key Spenders | UK ($81.8B), Saudi Arabia ($80.3B), France ($64.7B), Japan ($55.3B) |
| Global Share | U.S., China, and Russia dominate, collectively accounting for over 54.5% of global spending. |