China outspends India on defence in 2024, shows SIPRI report. Pakistan far behind

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India ranked fifth among the top 5 countries with the highest share of military spending, while China ranked second in the same index. US ranked first. As per the SIPRI report, among the total share of world military expenditure of the top 15 countries, India accounted for 3.2 percent, whereas China accounted for 12 percent of the global share. New Delhi: Even as India and China ranked among the top five military spenders in 2024, India’s military expenditure remained way lower as compared to China, as per the Stockholm International Peace Research Institute’s (SIPRI) latest data on Trends in World...