Stockholm International Peace Research Institute (SIPRI) Report

According to SIPRI report, India’s military expenditure rises by 3.1% to reach $66.5 billion and Pakistan’s by 11% to reach $11.4 billion in 2018.
In this total share, India, United States, China, Saudi Arabia and France altogether contributed to 60% per cent of the amount, with US and China being the 2 biggest spenders.
The US’ military spending increased for the 1st time since 2010, by hiking by 4.6% to reach 649 $ billion in 2018. The report also notified that the US’ expenditure comprises 36% of global military spending and is almost equal to the combined expenditure of the next 8 largest spending countries together.