• SIPRI was established in 1966 as independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
• The organization provides data, analysis and recommendations to policymakers, researchers, media and the interested public.
• According to Stockholm International Peace Research Institute (Sipri), India has become world’s fifth-largest military spender spending at $55.9 billion in 2016.

The US remains the world’s largest military followed by China, Russia, and Saudi Arabia. The other prominent spenders in the top 15 include Japan, South Korea, and Australia.