Tecknotrove25 Aug, 2023Technology
As per a 2020 report by a Swedish Think tank US military spends over half a million dollars per soldier and the UK military spends $367,000, Indian military spends a mere $43,000 per individual. Though India has allocated a significant budget for its military last year (approx. $81.4B), 6% rise from 2021 it still ranks fourth in the world in terms of military spending. China remains the second-largest military spender globally with $292B. Several European countries, including Finland (36%), Lithuania (27%), Sweden (12%), and Poland (11%), have also seen a rise in their military expenditures.
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