India Overtakes Saudi Arabia to Become Fourth-Largest Military Spender
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. – READ MORE