India vs Russia: Military spending

India
95.30 billion constant 2022 US$
in 2023
Russia
120.26 billion constant 2022 US$
in 2023
India rank
4th
Russia rank
3rd

Military spending over time

  • India
  • Russia
0200.0B400.0B600.0B181619192023

How they compare

Russia currently reports 120.26 billion constant 2022 US$ against 95.30 billion constant 2022 US$ in India, a difference of 24.96 billion constant 2022 US$.

That makes Russia's figure about 1.3 times India's.

The two have swapped places 2 times across 77 shared years of data; in 1947 it was Russia ahead.

India ranks 4th and Russia ranks 3rd of 172 countries.

Russia has averaged higher in every one of the 9 decades both report.

Head to head by decade

Decade India Russia Difference Ahead
1940s 3.24 billion constant 2022 US$ 128.60 billion constant 2022 US$ 125.36 billion constant 2022 US$ Russia
1950s 4.21 billion constant 2022 US$ 202.38 billion constant 2022 US$ 198.17 billion constant 2022 US$ Russia
1960s 9.04 billion constant 2022 US$ 300.59 billion constant 2022 US$ 291.55 billion constant 2022 US$ Russia
1970s 10.82 billion constant 2022 US$ 430.34 billion constant 2022 US$ 419.52 billion constant 2022 US$ Russia
1980s 14.08 billion constant 2022 US$ 444.40 billion constant 2022 US$ 430.32 billion constant 2022 US$ Russia
1990s 17.40 billion constant 2022 US$ 115.79 billion constant 2022 US$ 98.39 billion constant 2022 US$ Russia
2000s 30.04 billion constant 2022 US$ 52.70 billion constant 2022 US$ 22.66 billion constant 2022 US$ Russia
2010s 58.48 billion constant 2022 US$ 67.36 billion constant 2022 US$ 8.88 billion constant 2022 US$ Russia
2020s 92.15 billion constant 2022 US$ 98.21 billion constant 2022 US$ 6.06 billion constant 2022 US$ Russia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, India or Russia?
Russia, at 120.26 billion constant 2022 US$ against 95.30 billion constant 2022 US$ in India as of 2023.
What is the difference in military spending between India and Russia?
24.96 billion constant 2022 US$, with Russia ahead.
How many years of comparable data are there for India and Russia?
77 years are reported by both, from 1947 to 2023.
How do India and Russia rank globally for military spending?
India ranks 4th and Russia ranks 3rd of 172 countries.
Where does this data come from?
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Russia: Military spending. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/compare/military-spending-gmsd/india/russian-federation/

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.