India ranked as the world's fourth-largest military spender, allocating US$ 83.6 billion towards modernizing various weaponry and combat systems, as per a Stockholm International Peace Research Institute (SIPRI) report.

• The top three spenders were the United States (US), China, and Russia, respectively.
• India's military expenditure witnessed a 4.2% increase compared to 2022, reflecting its strategic focus on enhancing defence capabilities, particularly along the China border after the Ladakh standoff commenced in May 2020.
• Investments encompass fighter jets, helicopters, warships, tanks, artillery guns, rockets, missiles, unmanned capabilities, and other combat systems.
• India maintained its fourth position in 2022, with military spending amounting to US$ 81.4 billion, representing a 6% surge from 2021 and a substantial 47% rise since 2013.