India: Military spending

(measure: billion U.S. dollars; Source: Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series

India: Military spending, in billion U.S. dollars, 1960 - 2020:

For that indicator, we provide data for India from 1960 to 2020. The average value for India during that period was 17.7 billion U.S. dollars with a minimum of 0.68 billion U.S. dollars in 1960 and a maximum of 72.89 billion U.S. dollars in 2020. The latest value from 2020 is 72.89 billion U.S. dollars. For comparison, the world average in 2020 based on 149 countries is 14.17 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
API


Recent values


Longer historical series


Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.
This site uses cookies.
Learn more here


OK