India, April 29 -- World military expenditure has touched a record high, rising sharply amid wars, geopolitical tensions, and a renewed global arms race. In 2024, global military spending grew 9.4% in real terms to reach $2.7 trillion, according to the "Trends in World Military Expenditure 2024" report released by the Stockholm International Peace Research Institute (SIPRI). This is the highest amount ever recorded, and the sharpest year-on-year increase since at least 1988.

How is military spending rising around the world? Where does India fit into this trend? The charts below explore these in detail.

Published by HT Digital Content Services with permission from Hindustan Times....