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India hiked military expenditure by 0.9% in 2021; China by 4.7%: report

New Delhi: India’s military expenditure increased to USD 76.6 billion in 2021, marking a 0.9 per cent hike over the 2020 figures, according to a report released by defence think-tank Stockholm International Peace Research Institute (SIPRI) on Monday. “China, the world’s second largest spender, allocated an estimated USD 293 billion to its military in 2021, an […]