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India among world’s top three military spenders: SIPRI

Total global military expenditure increased by 0.7 per cent in real terms in 2021 with the five largest spenders in 2021 being the United...

Rise in Indian military spending likely, modernisation on hold

India is likely to stick to a modest rise in defence spending in the 2019/2020 budget due on Friday because of tight government finances

India raises military spending, eases foreign investment limit in arms industry

NEW DELHI: India boosted defence spending by 12 percent in 2014-15 over the previous year in a budget presented on Thursday and further opened the domestic weapons industry to foreign investment to help rebuild the military and narrow the gap with China.