India, April 29 -- India, which conducted Operation Sindoor against Pakistan on May 7, 2025 following the Pahalgam terror attack, is now the fifth-largest military spender in the world, as per data released by the Stockholm International Peace Research Institute (SIPRI).

India's defence expenditure stood at $92.1 billion in 2025, marking an 8.9 per cent increase from the previous year, SIPRI said.

Pakistan's military spending also rose, increasing by 11 per cent to $11.9 billion during the same period.

According to SIPRI, total world military spending reached $2,887 billion in 2025, reflecting a 2.9 per cent increase in real terms over 2024.

Military expenditure declined in the United States but rose sharply by 14 per cent in Europe a...