(measure: percent; Source: The Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series
India: Military spending, percent of GDP
For that indicator, The Stockholm International Peace Research Institute provides data for India from 1960 to 2018. The average value for India during that period was 3.02 percent with a minimum of 2 percent in 1960 and a maximum of 4.23 percent in 1987.
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The entire data set can be obtained at sipri data.
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.