05:40 GMT +324 October 2019
Listen Live
    Indian military recruits

    India Overtakes Saudi Arabia to Become Fourth-Largest Military Spender

    © AFP 2019 / ROUF BHAT
    Military & Intelligence
    Get short URL
    72815
    Subscribe

    India has surpassed Saudi Arabia and Russia in defense spending, making the nation of 1.25 billion the fourth-largest defense spender in the world.

    As soon as in 2018, India will become the third-largest military spender, taking the slot now occupied by the UK, if Jane’s 2016 Defense Budget Report pans out correctly. India spent $50.6 billion on its military in 2016, in an effort to bolster its forces after it spent $46.6 billion in 2015.

    The US notched first place, spending a mammoth $622 billion, the report notes, while China maintained its number-two spot, spending nearly $191.75 billion on defense capabilities. The UK barely edged out India, spending some $53 billion.

    A significant portion of the new military funds went to personnel costs, however, according to Craig Caffrey, Jane’s lead analyst on the report. Moving forward into 2017 and beyond, Caffrey expects "a military focused on modernization," which will likely attract weapons manufacturers around the world.

    In October, India inked a deal with leaders in Moscow to acquire billions of dollars worth of missile systems, combat-grade helicopters, and frigates.

    Related:

    India Upgrades Military Airlift Capability Just 18 Miles Away From China Border
    India Enlists Military Transport Aircraft to Rush New Money to Hinterland
    Russia Supplied India With $65Bln Worth of Military Vehicles Since 1960
    India May Build Up Its Military Power With Russia's Shtorm Aircraft Carrier
    India Turns to Private Sector to Produce Ammo for Military
    Tags:
    military modernization, defense spending, Indian Army, Craig Caffrey, India
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik