5 Countries with the Highest Military Spending in the World

3. India

Military Spending: $72.9 billion

India, an emerging power in South Asia, has military spending of $72.9 billion, making it 3rd on the list of countries with the highest military budget in the world. India has spent 2.9% of its GDP on the military. From 2011 to 2020, military spending has increased by 34%. India contributes 3.7% to the total military spending worldwide.