Military Spending by Country in 2023: 5 Largest Defense Budgets

4. Republic of  India

Latest Defense Budget Estimate: $72.6 billion

The Republic of  India, or India, is one of the largest economies in the world. It also has one of the largest armies in the world, and procures most of its aircraft and other defense equipment from Russia. India is also aiming to make its own aircraft, and it has several deadly weapons in its portfolio such as the Brahmos cruise missile. Additionally, with aspirations of becoming a global power – and even a superpower – India spends heavily on defense, through equipment such as intercontinental ballistic missiles, aircraft carriers, and fighter jets. Its proximity to China also leads to worries in New Delhi of a large and hostile neighbor with one with which it has territorial disputes.