Explained: How India has become 4th largest defence spender in the world

India is now the fourth largest military spender across the globe. The only countries that rank ahead are the US, China and Russia. Each year, New Delhi has been increasing its defence budget in the wake of rising threats, especially from Pakistan and China The Indian Army’s Pinaka multi-barrel rocket launcher. In 2022, India was the fourth largest military spender in the world. File image/Reuters The world is seeing two wars — the Russia-Ukraine war and the Israel-Hamas conflict. There's also the concern that China will launch an offensive against Taiwan. It is amid this volatility and conflict that India…