India Joins World's Top Five Defense Spenders, Surpassing France
- Beijing spends far more on military than any other Asian power
- Worldwide military spending 2.2 percent of global GDP: SIPRI
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India has joined the U.S. and China as one of the world’s five biggest military spenders, reflecting geopolitical tensions as well as the country’s reliance on imported weapons and sprawling personnel costs.
New Delhi’s defense spending rose by 5.5 percent to $63.9 billion in 2017 and has now passed France, the Stockholm International Peace Research Institute said in a report released Wednesday.