India’s Military Spending in 2024 Nearly 9 Times Higher Than Pakistan’s: SIPRI

India spent $86.1 billion on defence in 2024, according to a report by the Stockholm International Peace Research Institute (SIPRI). This represents a 1.6% increase compared to 2023 and a 42% rise since 2015. India ranked 5th among the world’s highest military spenders, following the United States, China, Russia, and Germany.

Pakistan’s Defence Expenditure

Pakistan spent $10.2 billion on defence in 2024, placing it 29th among the 40 countries with the highest military budgets. India’s military expenditure was nearly nine times larger than Pakistan’s during the year.

Global Military Spending Trends

Global military expenditure reached $2,718 billion in 2024, showing a 9.4% rise compared to 2023. This marked the fastest year-on-year growth since at least 1988. Military spending increased across all regions, particularly in Europe and West Asia, amid ongoing conflicts.

Top Military Spenders

The United States remained the largest military spender with $997 billion, accounting for 37% of global military expenditure and 66% of NATO’s total. China spent an estimated $314 billion, representing 50% of all military spending in Asia and Oceania. Russia’s military spending rose by 38% to $149 billion, making up 7.1% of its GDP. Germany spent $88.5 billion, a 28% rise compared to 2023.

An analysis by the Stockholm International Peace Research Institute reveals that five nations accounted for 60% of global military expenditure, led by the USA (37%), followed by China (12%), Russia (5.5%), Germany (3.3%) and India (3.2%).

Regional Spending Patterns

Military spending in Europe, including Russia, rose by 17% to $693 billion, surpassing levels recorded at the end of the Cold War. In the Middle East, expenditure increased by 15% to $243 billion, with Israel and Lebanon among the major contributors.

Ukraine’s military expenditure stood at $64.7 billion, accounting for 34% of its GDP, the highest military burden recorded globally.

Read more: India’s BrahMos Missile Exports: Philippines Became First Nation to Import

Conclusion

India’s defence spending in 2024 remained substantially higher, amid broader increases in global military expenditure. The SIPRI report was released at a time of heightened tensions between India and Pakistan, following a terrorist attack near Pahalgam, Kashmir.

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