HomeAatmanirbhar BharatMilitary spending: Growth in global military spending accelerated in 2023, think-tank SIPRI...

Military spending: Growth in global military spending accelerated in 2023, think-tank SIPRI says

msid 109493488,imgsize

Global military expenditure rose by 7% to $2,443 billion in 2023, the steepest annual rise since 2009, a leading conflict think-tank said on Monday.
The Stockholm International Peace Research Institute (SIPRI) said in a statement the 10 largest spenders in 2023, led by the United States, China and Russia, all increased their military spending.

Nan Tian, Senior Researcher at SIPRI’s Military Expenditure and Arms Production Programme, said the increase was a direct response to a global deterioration in peace and security.

“States are prioritising military strength but they risk an action-reaction spiral in the increasingly volatile geopolitical and security landscape,” Tian said.

The percentage change was expressed in real terms, in constant 2022 prices, SIPRI added.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

IAF successfully conducts night vision goggles-aided landing in Eastern sector

The Indian Air Force (IAF) has achieved a significant milestone by successfully landing an aircraft using night vision goggles (NVG) for the first time...

With Project-75I Submarine Acquisition Facing Delays, MDL Shifts Focus to Indigenous 3,000-ton Project-76 Submarine Design

Source : IgMp Bureau Mazagon Dock Shipbuilders Limited (MDL), India's premier shipyard, has announced its intention to develop an entirely indigenous conventional submarine design by...

AMCA 5th Generation Stealth Fighter Updates

AMCA to be integrated with sophisticated indigenous Distributed Aperture System (DAS) that making it a formidable air asset for the Indian Air Force

Source : IgMp Bureau India’s Advanced Medium Combat Aircraft (AMCA) is on the brink of a revolutionary transformation with the integration of a sophisticated Distributed...

AMCA to incorporate the best features of both 5th and 6th Generation fighters: ADA sources

Source : IgMp Bureau India's strides toward indigenous air dominance receive a substantial boost with the green signal for the Advanced Medium Combat Aircraft (AMCA)...

Most Popular

Recent Comments

Archive Months

Miscellanous

Indian Navy considering to order 12-15 LCA-Navy for training purpose

Source : Livefist Indian Navy considering to order 12-15 LCA-Navy for training purpose The Indian Navy is kicking around the idea of ordering a small number...

defence: Defence declaration: BJP manifesto promises expansion of Bharat’s footprint across ‘strategic locations’

New Delhi: Creation of military theatre commands to improve capabilities of armed forces and expansion of defence footprint across 'strategic locations' to protect security...

IAF Garud commandos deployed in Amarnath Yatra and Eastern Ladakh sector for special operations

Source : Asian News International (ANI) IAF Garud commandos deployed in Amarnath Yatra and Eastern Ladakh sector for special operations Srinagar (Jammu and Kashmir): Two teams...
Visits
error: Content is protected !!