The India has retained its position as the third biggest military spender in the world in 2020, according to new data titled 'SIPRI Military Expenditure Database'.
The NDB priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets.
As per the new report, the top five biggest spenders in 2020 were the United States ($778 billion), China ($252 billion), India ($72.9 billion), Russia ($61.7 billion) and the United Kingdom ($59.2 billion) respectively.
EXAMIANS