India becomes one of the world’s top five military spenders: With defence spending hitting $92.1 billion after Pahalgam terror attack and Operation Sindoor, India’s security priorities have clearly shifted.

How much did Pakistan, Europe and the US spend? Scroll down to find out.

India overtakes major powers to become one of top 5 global military spenders; what about Pakistan?

According to the March 2026 report by the Stockholm International Peace Research Institute (SIPRI), global arms transfers rose by 9.2 per cent, with the United States and France emerging as the primary architects of modern defence.

Why US and French weapons dominate global arsenals?

For the first time in two decades, Europe accounted for the largest share of United States arms exports at 38 per cent, with shipments to the region surging by 217 per cent. Military aid to Ukraine alone made up 25 per cent of US transfers to Europe during the period.

Top 7 biggest arms exporters and where their weapons are going: ‘One nation controls 42% of global arms’

However, despite the percentage dip in import volume, India remains the world’s second-largest recipient, trailing only Ukraine. Saudi Arabia, Qatar and Pakistan rounded out the world’s top five importers.

‘4% drop’: What’s behind India’s declining arms import percentage? Is the ‘shopping mall’ tag fading?

The volume of major arms transfers between countries rose by 9.2 per cent between 2016–20 and 2021–25, highlighting a changing geopolitical landscape marked by heightened tensions and strategic rearmament. 

Top 7 biggest weapons importers in 2026: Ukraine, India or Pakistan, who’s buying most?

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sipri report-2026

India overtakes major powers to become one of top 5 global military spenders; what about Pakistan?

Why US and French weapons dominate global arsenals?

Top 7 biggest arms exporters and where their weapons are going

'4% drop': What’s behind India’s declining arms imports percentage?

Top 7 biggest weapons importers: Ukraine, India or Pak, who’s buying most?