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With reference to a report by Stockholm International Peace Research Institute (SIPRI) on world military spending, consider the following statements:
1. Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019.
2. India accounted for 39 per cent of total military expenditure in 2020.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to a report by Stockholm International Peace Research I...
Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019, according to new data published today by the Stockholm International Peace Research Institute (SIPRI).
  • The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom.
  • The 2.6 per cent increase in world military spending came in a year when global gross domestic product (GDP) shrank by 4.4 per cent (October 2020 projection by the International Monetary Fund), largely due to the economic impacts of the Covid-19 pandemic.
  • In 2020 US military expenditure reached an estimated $778 billion, representing an increase of 4.4 per cent over 2019. As the world’s largest military spender, the USA accounted for 39 per cent of total military expenditure in 2020.
Hence only statement 1 is correct.
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With reference to a report by Stockholm International Peace Research Institute (SIPRI) on world military spending, consider the following statements:1. Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019.2. India accounted for 39 per cent of total military expenditure in 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to a report by Stockholm International Peace Research Institute (SIPRI) on world military spending, consider the following statements:1. Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019.2. India accounted for 39 per cent of total military expenditure in 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to a report by Stockholm International Peace Research Institute (SIPRI) on world military spending, consider the following statements:1. Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019.2. India accounted for 39 per cent of total military expenditure in 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to a report by Stockholm International Peace Research Institute (SIPRI) on world military spending, consider the following statements:1. Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019.2. India accounted for 39 per cent of total military expenditure in 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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