According to the “SIPRI Yearbook 2026: Armaments, Disarmament and International Security” released by the Stockholm International Peace Research Institute (SIPRI), global military expenditure surged to $2.9 trillion in 2025. The USA remained the world’s largest military spender with an expenditure of $954 billion, followed by China and Russia.
India ranked as the world’s 5th largest military spender in 2025, with a defence expenditure of $92.1 billion, representing an 8.9% increase compared to 2024. Furthermore, the nuclear arsenal of India increased to 190 warheads as of January 2026.