Military spending, gaps filled in India

India: Military spending, gaps filled was 93.25 billion constant 2024 US$ in 2025. ◆ Volatile

Latest (2025)
93.25 billion constant 2024 US$
Change on year
up 8.9%
World rank
5th
of 162 countries
All-time high
93.25 billion constant 2024 US$
in 2025
All-time low
3.05 billion constant 2024 US$
in 1956
Years of data
70
1956–2025

Military spending, gaps filled in India, 1956–2025

020.0B40.0B60.0B80.0B100.0B195619902025

Source: Statizoid (derived). Measured in constant 2024 US$.

Analysis

In 2025, military spending, gaps filled in India stood at 93.25 billion constant 2024 US$. That is the highest value across all 70 years on record.

The figure is up 8.9% on the previous year and up 52.9% over ten years.

Over the whole period, military spending, gaps filled in India peaked at 93.25 billion constant 2024 US$ in 2025 and was at its lowest, 3.05 billion constant 2024 US$, in 1956.

India ranks 5th of 162 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, gaps filled in India, year by year

Annual values for Military spending, gaps filled in India, 1956 to 2025.
Year constant 2024 US$ Change
1956 3.05 billion constant 2024 US$
1957 3.64 billion constant 2024 US$ +19.6%
1958 3.65 billion constant 2024 US$ +0.2%
1959 3.37 billion constant 2024 US$ -7.7%
1960 3.40 billion constant 2024 US$ +1.0%
1961 3.67 billion constant 2024 US$ +7.9%
1962 5.04 billion constant 2024 US$ +37.4%
1963 8.26 billion constant 2024 US$ +63.7%
1964 8.06 billion constant 2024 US$ -2.4%
1965 7.88 billion constant 2024 US$ -2.3%
1966 7.42 billion constant 2024 US$ -5.8%
1967 6.93 billion constant 2024 US$ -6.6%
1968 7.18 billion constant 2024 US$ +3.6%
1969 7.61 billion constant 2024 US$ +6.0%
1970 7.84 billion constant 2024 US$ +3.1%
1971 9.35 billion constant 2024 US$ +19.2%
1972 9.86 billion constant 2024 US$ +5.4%
1973 8.71 billion constant 2024 US$ -11.7%
1974 8.11 billion constant 2024 US$ -6.9%
1975 9.10 billion constant 2024 US$ +12.2%
1976 10.45 billion constant 2024 US$ +14.8%
1977 9.93 billion constant 2024 US$ -5.0%
1978 10.38 billion constant 2024 US$ +4.6%
1979 11.19 billion constant 2024 US$ +7.8%
1980 11.48 billion constant 2024 US$ +2.6%
1981 12.12 billion constant 2024 US$ +5.6%
1982 13.16 billion constant 2024 US$ +8.5%
1983 13.61 billion constant 2024 US$ +3.5%
1984 14.40 billion constant 2024 US$ +5.8%
1985 16.15 billion constant 2024 US$ +12.2%
1986 19.10 billion constant 2024 US$ +18.2%
1987 20.57 billion constant 2024 US$ +7.7%
1988 21.06 billion constant 2024 US$ +2.4%
1989 22.19 billion constant 2024 US$ +5.4%
1990 21.86 billion constant 2024 US$ -1.5%
1991 20.41 billion constant 2024 US$ -6.6%
1992 19.51 billion constant 2024 US$ -4.4%
1993 22.03 billion constant 2024 US$ +12.9%
1994 22.13 billion constant 2024 US$ +0.4%
1995 22.80 billion constant 2024 US$ +3.0%
1996 23.21 billion constant 2024 US$ +1.8%
1997 25.69 billion constant 2024 US$ +10.7%
1998 26.81 billion constant 2024 US$ +4.3%
1999 31.15 billion constant 2024 US$ +16.2%
2000 32.14 billion constant 2024 US$ +3.2%
2001 33.26 billion constant 2024 US$ +3.5%
2002 33.16 billion constant 2024 US$ -0.3%
2003 33.90 billion constant 2024 US$ +2.2%
2004 39.38 billion constant 2024 US$ +16.2%
2005 41.91 billion constant 2024 US$ +6.4%
2006 42.25 billion constant 2024 US$ +0.8%
2007 42.76 billion constant 2024 US$ +1.2%
2008 48.50 billion constant 2024 US$ +13.4%
2009 57.10 billion constant 2024 US$ +17.7%
2010 57.33 billion constant 2024 US$ +0.4%
2011 57.86 billion constant 2024 US$ +0.9%
2012 57.56 billion constant 2024 US$ -0.5%
2013 57.60 billion constant 2024 US$ +0.1%
2014 60.41 billion constant 2024 US$ +4.9%
2015 60.98 billion constant 2024 US$ +1.0%
2016 67.20 billion constant 2024 US$ +10.2%
2017 71.94 billion constant 2024 US$ +7.0%
2018 74.47 billion constant 2024 US$ +3.5%
2019 79.73 billion constant 2024 US$ +7.1%
2020 80.21 billion constant 2024 US$ +0.6%
2021 79.70 billion constant 2024 US$ -0.6%
2022 83.22 billion constant 2024 US$ +4.4%
2023 85.23 billion constant 2024 US$ +2.4%
2024 85.60 billion constant 2024 US$ +0.4%
2025 93.25 billion constant 2024 US$ +8.9%

India compared with similar countries

  • India's 93.25 billion constant 2024 US$ is above the median for lower middle income countries, which is 557.82 million constant 2024 US$, 167.2× the median. (39 countries reporting)

Biggest year-on-year movements

Years where Military spending, gaps filled in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1963 +63.7% 5.04 billion constant 2024 US$ 8.26 billion constant 2024 US$
1962 +37.4% 3.67 billion constant 2024 US$ 5.04 billion constant 2024 US$

Averages by decade

DecadeAverage LowestHighest Years
1950s 3.43 billion constant 2024 US$ 3.05 billion constant 2024 US$ 3.65 billion constant 2024 US$ 4
1960s 6.54 billion constant 2024 US$ 3.40 billion constant 2024 US$ 8.26 billion constant 2024 US$ 10
1970s 9.49 billion constant 2024 US$ 7.84 billion constant 2024 US$ 11.19 billion constant 2024 US$ 10
1980s 16.39 billion constant 2024 US$ 11.48 billion constant 2024 US$ 22.19 billion constant 2024 US$ 10
1990s 23.56 billion constant 2024 US$ 19.51 billion constant 2024 US$ 31.15 billion constant 2024 US$ 10
2000s 40.44 billion constant 2024 US$ 32.14 billion constant 2024 US$ 57.10 billion constant 2024 US$ 10
2010s 64.51 billion constant 2024 US$ 57.33 billion constant 2024 US$ 79.73 billion constant 2024 US$ 10
2020s 84.54 billion constant 2024 US$ 79.70 billion constant 2024 US$ 93.25 billion constant 2024 US$ 6

Countries ranked near India

  1. 2 China 335.02 billion constant 2024 US$ compare
  2. 3 Russia 158.24 billion constant 2024 US$ compare
  3. 4 Germany 106.73 billion constant 2024 US$ compare
  4. 6 United Kingdom 87.98 billion constant 2024 US$ compare
  5. 7 Saudi Arabia 81.47 billion constant 2024 US$ compare
  6. 8 Ukraine 77.56 billion constant 2024 US$ compare

See the full ranking of 162 places →

More reference data data for India

All data for India →

Frequently asked questions

What is military spending, gaps filled in India?
Military spending, gaps filled in India was 93.25 billion constant 2024 US$ in 2025, according to Statizoid (derived).
What is the highest military spending, gaps filled recorded in India?
The highest recorded value was 93.25 billion constant 2024 US$ in 2025.
What is the lowest military spending, gaps filled recorded in India?
The lowest recorded value was 3.05 billion constant 2024 US$ in 1956.
How does India rank for military spending, gaps filled?
India ranks 5th out of 162 countries with data for 2025.
Is military spending, gaps filled rising or falling in India?
Over the last ten years it is up 52.9%. The long-run trend across the full record is volatile.
Where does this India data come from?
The figures come from Statizoid (derived), published as part of Military spending, gaps filled. Statizoid updates them automatically from the source API.

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Military spending, gaps filled in India. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-gaps-filled/india/

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How this figure is calculated

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, gaps filled
Unit
constant 2024 US$
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
162 places, 8,449 data points, 1949–2025
Last refreshed

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.