SIPRI Trends in World Military Expenditure 2024
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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Global Spending: BEFORE global military expenditure saw moderate growth in recent years, NOW it has surged by 9.4 percent in a single year to $2,718 billion in 2024.
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India's Ranking: BEFORE India was the fourth-largest military spender globally in the previous reporting cycle, NOW it is ranked fifth after being overtaken by Germany.
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Top Spenders List: BEFORE the top four were the US, China, Russia, and India, NOW the top four are the US, China, Russia, and Germany.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements regarding the SIPRI Trends in World Military Expenditure 2024 report is/are correct? 1. Global military expenditure witnessed a decline compared to the previous year due to global economic slowdown. 2. India is ranked as the fourth-largest military spender in the world, retaining its position from the previous year.