Report on Global Spending on Arms

About the report and its findings:

• The report is published by by Stockholm International Peace Research Institute (SIPRI).
• The Sweden-based SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
• As per the report, world’s top military spenders are the US, China and India.
• All the four countries saw their military spending go up compared to 2019, even during a pandemic year.
• The US spent a total of $778 billion, China spent $252 billion, India’s military expenditure was $72.9 billion, and Russia had $61.7 billion.
• India’s spending since 2019 grew by 2.1 per cent, the increase for China was more moderate, at 1.9 per cent.
• In 2020, the United States’ military spending was 3.7 per cent of its GDP while the corresponding numbers for China and India were 1.7 per cent and 2.9 per cent respectively.
• From 2011 to 2020, American military expenditure dropped by 10 per cent, but China saw a 76 per cent growth while India’s military spending grew by 34 per cent.

Prelims Question

Consider the following statements: 
1.USA is the country with the largest spending on military.
2.India has the third largest defence budget in the world.
Choose the correct statements from the codes given below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to Prelims question