Q. Recently, which organization released the "Trends in World Military Expenditure, 2023 Report?
Answer:
Stockholm International Peace Research Institute
Notes: The "Trends in World Military Expenditure, 2023 Report" by SIPRI, established in 1966, highlights global military spending. India ranked fourth in military spending at $83.6 billion after the US, China, and Russia. NATO states' expenditure totaled $1341 billion, comprising 55% of global spending. The report attributes the record-high global military expenditure of $2443 billion to Russia's Ukraine invasion and geopolitical tensions. SIPRI focuses on conflict research, armaments, arms control, and disarmament.