Question: What is the rank of Indian Defence budget in the world?

Characteristic Military spending in billion U.S. dollars
China* 252
India 72.9
Russia 61.7
United Kingdom 59.2

Which country has the highest Defence budget?

Countries with the highest military expenditure in the world

  • Russia.
  • India News.
  • France.
  • United Kingdom.
  • England.
  • South Korea.
  • Japan.
  • Saudi Arabia.

Which country is #1 in military spending?

Military Spend as a Percentage of GDP

Rank Country Spend as a % of GDP (2020)
#1 Oman 11.0%
#2 Saudi Arabia 8.4%
#3 Algeria 6.7%
#4 Kuwait 6.5%

How much does India spend on military?

The US spent a total of $778 billion in 2020, China spent $252 billion and India’s military expenditure was $72.9 billion.

How much do we spend on military 2021?

For Fiscal Year 2021 (FY2021), the Department of Defense’s discretionary budget authority is approximately $705.39 billion ($705,390,000,000). Mandatory spending of $10.77 billion, the Department of Energy and defense-related spending of $37.335 billion added up to the total FY2021 Defense budget of $753.5 billion.

What is China’s military budget?

2019: the budget was announced to be 1.19 trillion yuan, which is an increase of 7.5%. 2020: China will increase its defense budget by 6.6% this year to 1.27 trillion yuan (US$178 billion). 2021: military budget will increase by 6.8% to 1.35 trillion yuan (US$209 billion).

What is the budget for the US military?

The Defense Department is asking Congress for $715 billion in its fiscal 2022 budget, an increase of about $10 billion from what was allocated in 2021. President Joe Biden’s budget proposal seeks $753 billion overall for national defense, a 2% uptick over the prior year.

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