Statizoid

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.

Individual pages

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.