India emerges among the top three in military expenditure around the globe, behind the US and China

India has for the first time emerged among the top three nations in the world in terms of military expenditure, though the US spends more than 10 times and China almost four times its defence budget. Latest data released by global think-tank Stockholm International Peace Research Institute (SIPRI) early on Monday shows the total global military expenditure rose to $1,917 billion in 2019, an increase of 3.6% from 2018.