New Delhi: Indian military expenditure in 2021 was the third highest in the world in RS 5.87 Lakh Crore or $ 76.6 billion – behind the United States and China but before British and Russian data was released Monday by the International Peace Research Institute Stockholm ( SIPRI) shows. Sipri is an independent international institution that focuses on conflict, weapons, weapons control, and weapons.
Data takes into account the complete Indian defense budget, most of them are included in retirement and salary.Sipri data also shows that about 50 percent of Indian defense exports from 2017 to 2021 are Myanmar’s neighbors, followed by Sri Lanka with 25 percent and Armenia at 11 percent.
Last month, the Minister of State for the Ajay Bhatt defense told Lok Sabha that the value of Indian weapons exports had increased six times since 2014, with a financial year 2021-22 at Hospital 11,607 Crore, about six times more than the hospital. 1,941 CRORE is registered in FY 2014-15.
Border tensions, Make in India
According to Sipri, Indian annual defense spending rose 0.9 percent from 2020, and 33 percent from 2012 – a sign of the ongoing border situation with China and Pakistan and Indian encouragement towards the development of more native weapons.In the midst of the ongoing tension and border disputes with China and Pakistan who occasionally spill into armed clashes, India has prioritized the modernization of the armed forces and independence in weapons production. On the way to strengthen the original weapons industry, 64 percent of capital expenditure in the military budget India 2021 is intended for the acquisition of weapons produced domestically, “said Sipri.
According to the report, the increase in Indian expenditure forms a part of the overall global increase in military expenditure, “because the figure of international consolidation crossed the $ 2 trillion sign for the first time, due to economic recovery throughout the world after the break-up of the Covid-ALly 19 Pandemi”.
Exports to Myanmar
Another SIPRI report released last month said that although one of the highest export offers signed by India this year was $ 375 million – or 2,872 Crore RS – dealing with the Philippines to export the Brahmos Supersonic missile, the biggest beneficiary of Indian defense exports in India in five years Last is Myanmar.According to SIPRI data on international weapons transfer trends, around 50 percent of Indian defense exports from 2017 to 2021 are to Myanmar, followed by Sri Lanka on 25 percent, and Armenia at 11 percent.
However, India is only Myanmar’s third largest supplier, on 17 percent, behind China and Russia each on 36 and 27 percent, data shows.At the same time, India reduced its arm imports while still remaining among the largest importers in the world, said Sipri.”Because of the assumption that was felt to grow from China and Pakistan and because of a significant delay in the production of its main weapons, India had a big plan for weapons imports,” Sipri said in his report. “Therefore, the decline in Indian weapons imports, therefore, may be a temporary result of a slow and complex procurement process and its shift in suppliers.”