Harsha Kakar The Stockholm International Peace Research Institute (SIPRI) in its latest report listed India as the fourth largest military spender in the world, the leaders being the US, China and Russia, who account for 56percent of global defence expenditure. It claimed Indian defence expenditure increased by 6percent in 2022 to USD 81.4 Billion which was 3.6percent of the global total. India’s defence budget remains one fourth of China’s and one-tenth of the US. In the case of China and … Continue reading Defence budgets and capability development