According to a recent report, India is expected to be one of the top five military-spending countries in the world by 2022. According to a report provided by a renowned research organization, India’s military budget is predicted to rise by 7.1% to $80 billion in 2022. According to the report, the COVID-19 epidemic had no influence on India’s defence budget, and the government continued to devote a considerable part of its resources to defence.
Reason behind the Massive Spending
According to the research, the increase in India’s military spending is due to continuous border tensions with China and Pakistan, the modernization of the armed forces, and the acquisition of new weapons and equipment. India’s substantial defence industry, capable of developing indigenous weaponry and technologies, has also been critical to the country’s military development.
According to the research, the United States will continue to be the world’s leading military spender, followed by China and Russia. Along with India, Saudi Arabia and Japan are expected to be in the top five in terms of military spending in 2022. Experts are concerned about an arms race and its impact on global security as governments around the world increase their military spending. It has also prompted calls for greater investment in conflict prevention and disarmament activities.
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