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After the United States, China and Russia, which country invests the most in its military in the world? The answer is not any NATO country. On the contrary, it is a new Asian giant.
This is India. Military Investment India In 2023, it reached US$83.6 billion, representing a 4.2% increase compared to 2022 and a 44% increase since 2014.
This puts India as Fourth largest defence spender in the world.
A fifth of this amount is directed towards acquiring new equipment and 75% of the resources are focused on locally produced equipment, highlighting India's drive towards self-sufficiency in defence manufacturing.
Among its key acquisitions are the BrahMos missiles, made in partnership with Russia. India has purchased 220 of the long-range (450 km) supersonic BrahMos cruise missiles, intended for deployment on frontline warships, boosting India’s offensive capabilities. Indian Navy.
The Indian Air Force will undergo a major upgrade to its aircraft fleet. Su-30MKI fightersproduced by Russia. The upgrade includes new radars, mission control systems and electronic warfare capabilities, reflecting a commitment to improving the aircraft's operational effectiveness.
Moreover, the internationalization of defense production, which aims to reduce dependence on foreign imports, includes a list of equipment to be fully absorbed by December 2025.
India's defence exports witnessed a significant increase in 2023, reflecting a 32.5% increase over the previous year.
In short, India’s military investment in 2023 highlights a strategic shift towards modernizing its military, enhancing indigenous production capabilities, and addressing regional security challenges. The focus on self-reliance and large-scale equipment purchases position India to strengthen its defense posture in a rapidly evolving geopolitical landscape.
Oliver Ashford is a contributor to Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment and lifestyle. He focuses on delivering clear, balanced reporting that helps readers stay informed about current affairs and developments that matter. With an emphasis on accuracy, relevance and accessibility, Oliver aims to present useful information and engaging stories in a straightforward manner, making complex topics easier for readers to understand and follow.