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.
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'.
EXAMIANS