INDIA - $36.3 billion: The only Asian country in the top 15 aside from rival China. India spent the ninth highest amount of any country worldwide. That’s a 67.3 percent increase over the decade, according to SIPRI.
But per capita military spending in India – the world’s second most-populous country – is one of the world’s lowest, at just $30.4 per person. Indian National Defense Academy (NDA) cadets celebrate graduating at Khadakwasia in Pune, India, on May 31.