Correct Answer : Option (B) - 3rd Position
* According to the Stockholm International Peace Research Institute (SIPRI), India's military expenditure is the third highest in the world behind the US and China.
* Military spending in India is amounting to $76.6 billion in 2021 which grew by 0.9% from 2020.
* Russia has also increased its military expenditure for the third consecutive year.
* "The
five largest military spenders in 2021 were the
United States, China, India, the United Kingdom and
Russia, which together accounted for 62 per cent of world military spending. The USA and China alone accounted for 52 per cent," it mentioned.
Source : Business Standard
