
Global military spending soars to $2.7 trillion in 2024; Russia, US, China, India, Germany account for 60%
Military spending by the US rose by 5.7 per cent to reach USD 997 billion, which was 66 per cent of total NATO spending and 37 per cent of world military spending in 2024.Amid the major global conflicts, including the Russia-Ukraine war, and the Israel- …