Military spending in India
India: Military spending was 95.30 billion constant 2022 US$ in 2023. ◆ Volatile
Military spending in India, 1947–2023
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in India stood at 95.30 billion constant 2022 US$. That is the highest value across all 77 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 99.5% over ten years.
Over the whole period, military spending in India peaked at 95.30 billion constant 2022 US$ in 2023 and was at its lowest, 1.70 billion constant 2022 US$, in 1947.
India ranks 4th of 172 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 3.24 billion constant 2022 US$ | 1.70 billion constant 2022 US$ | 5.21 billion constant 2022 US$ | 3 |
| 1950s | 4.21 billion constant 2022 US$ | 3.73 billion constant 2022 US$ | 5.05 billion constant 2022 US$ | 10 |
| 1960s | 9.04 billion constant 2022 US$ | 4.44 billion constant 2022 US$ | 12.48 billion constant 2022 US$ | 10 |
| 1970s | 10.82 billion constant 2022 US$ | 9.37 billion constant 2022 US$ | 11.98 billion constant 2022 US$ | 10 |
| 1980s | 14.08 billion constant 2022 US$ | 12.19 billion constant 2022 US$ | 16.39 billion constant 2022 US$ | 10 |
| 1990s | 17.40 billion constant 2022 US$ | 13.49 billion constant 2022 US$ | 23.19 billion constant 2022 US$ | 10 |
| 2000s | 30.04 billion constant 2022 US$ | 22.22 billion constant 2022 US$ | 42.29 billion constant 2022 US$ | 10 |
| 2010s | 58.48 billion constant 2022 US$ | 42.84 billion constant 2022 US$ | 82.67 billion constant 2022 US$ | 10 |
| 2020s | 92.15 billion constant 2022 US$ | 86.51 billion constant 2022 US$ | 95.30 billion constant 2022 US$ | 4 |
Countries ranked near India
- 1 United States 1.06 trillion constant 2022 US$ compare
- 2 China 349.48 billion constant 2022 US$ compare
- 3 Russia 120.26 billion constant 2022 US$ compare
- 5 Saudi Arabia 88.35 billion constant 2022 US$ compare
- 6 United Kingdom 84.21 billion constant 2022 US$ compare
- 7 France 71.97 billion constant 2022 US$ compare
More reference data data for India
- Spring temperature anomalies 0.8635 °C (2026)
- Summer temperature anomalies 0.6189 °C (2026)
- Temperature anomalies by month 0.0088 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.3046 °C (2025)
- Winter temperature anomalies -0.2053 °C (2025)
- Consumer price index 233.06 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in India?
- Military spending in India was 95.30 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in India?
- The highest recorded value was 95.30 billion constant 2022 US$ in 2023.
- What is the lowest military spending recorded in India?
- The lowest recorded value was 1.70 billion constant 2022 US$ in 1947.
- How does India rank for military spending?
- India ranks 4th out of 172 countries with data for 2023.
- Is military spending rising or falling in India?
- Over the last ten years it is up 99.5%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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About this data
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.