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India's Military Spending 3rd Highest In World: SIPRI Report

India ranked third highest in the world in terms of military spending in 2021, according to the Stockholm International Peace Research Institute. SIPRI is an independent international institution that focuses on conflict, armaments, arms control, and disarmament. World military expenditure reached an all-time high of USD 2.1 trillion in 2021. In this short & crisp analysis we examine the SIPRI Report, global trends in military expenditure, pattern of Indian defence expenditure and its implications for India's defence modernization plans. Watch the full video for a complete understanding of the topic. Download the PDF here: https://cdn1.byjus.com/wp-content/upl... Prelims Crash Course 2022 [Target Prelims 2022 - Free Current Affairs]: https://byjus.com/free-ias-prep/free-... Watch the latest video on Prelims 2022 Hacks - Mnemonics and Mindmaps here:    • UPSC Prelims 2022 Hacks | Mnemonics &...   Watch our new initiative 'Places In News' here:    • Places in News & Map Reading | Weekly...   Watch all the previous videos in 'The Big News' series here:    • The Big News | Daily Analysis of Key ...   Watch all the previous Daily Current Affairs Quiz videos here:    • Daily Quiz | Target Prelims 2022 | Ap...   Watch the Previous International Relations this Week lectures by Prof. Pushpesh Pant here:    • International Relations This Week | W...   Watch 'Explained' for In-depth Analysis of Weekly Current Affairs for UPSC CSE here:    • Explained | In-depth Analysis of Week...   For Free Study Material, PDFs and much more for IAS Preparation, visit: https://byjus.com/free-ias-prep/ Watch the Daily Quiz in Hindi: @BYJU'S IAS: Hindi For more information on BYJU'S IAS courses, call us on: +91-9538419666 #SIPRI #StockhlomInstitute #IndiaMilitarySpending #GlobalMilitarySpending #SIPRIReport #Prelims2022 #IASCurrentAffairs​​​​​​​​​​​​​​​​​​​​​​ #UPSCCurrentAffairs #UPSC2022​​​​​​​​​​​​​​​​​​ #UPSCPrelims #iasprelims #Mains2022 #UPSCMains Happy Learning! @BYJU'S IAS