SIPRI Report Reveals India's Military Spending Nine Times Higher Than Pakistan's in 2024
SIPRI Report: A new report released by the Stockholm International Peace Research Institute (SIPRI) has revealed that India's military expenditure in 2024 was nearly nine times higher than Pakistan's. The report indicates that India's military spending reached $86.1 billion, compared to Pakistan's $10.2 billion.
India's Military Expenditure – Growing Strength
India's military expenditure increased by 1.6% to $86.1 billion. According to the SIPRI report, India emerged as the fifth-largest military spender globally. SIPRI data also shows that after China and the United States, India's military spending is increasing at the fastest rate worldwide.
Major Setback for Pakistan
India's military spending being approximately nine times higher than Pakistan's represents a significant development for Pakistan. The disparity between the two nations' military expenditures – $10.2 billion for Pakistan versus $86.1 billion for India – underscores India's focus on its defense policy and military strengthening. This also reflects India's growing global power and evolving security strategies.
Global Increase in Military Spending
The SIPRI report further highlights that the five largest military spenders – the United States, China, Russia, Germany, and India – accounted for 60% of global military expenditure. The combined military spending of these nations totaled approximately $1635 billion.
China increased its military spending by 7.0% to $314 billion. Meanwhile, the ongoing war between Russia and Ukraine led to a 17% increase in European military spending, reaching $693 billion. Among European nations, Germany saw a 28% increase in military spending, making it the largest military spender in Central and Western Europe.
Impact of the Ukraine War
The war in Ukraine has resulted in an unprecedented surge in military spending in Europe. As the conflict enters its third year, European countries have significantly increased their military budgets to bolster their security, marking a resurgence in military spending not seen since the end of the Cold War.
Poland Also Increases Military Spending
The report also found that Poland increased its military spending by 31% to $38 billion, representing 4.2% of its GDP. This increase is primarily attributed to the perceived threat from Russia, prompting Poland to prioritize its security.
What does the SIPRI Report Indicate?
The SIPRI report demonstrates that increased global military spending has become a new normal, particularly in China, Russia, and European countries. Furthermore, the rise in India's military expenditure reflects its growing commitment to defense policy and military modernization. India's strengthening military power positions it to play a significant role in global security.
