India was the world's fourth biggest military spender in 2018 behind the United States, China, and Saudi Arabia, according to new data think tank Stockholm International Peace Research Institute (SIPRI). India was the fifth largest military spender in 2017. France also figures on the list of top five spenders that together accounted for 60% of the global military spending in 2018. According to the SIPRI data, China was the second-largest military spender in 2018. India accounts for 3.7% of the global defence spending. In contrast, India's military spending went up by 3.1% to $66.5 billion.
