Military spending gmsd in India
India: Military spending gmsd was 95.30 billion in 2023. ◆ Volatile
Latest (2023)
95.30 billion
Change on year
up 2.4%
World rank
4th
of 172 countries
All-time high
95.30 billion
in 2023
All-time low
1.70 billion
in 1947
Years of data
77
1947–2023
Military spending gmsd in India, 1947–2023
Source: Our World in Data.
Analysis
In 2023, military spending gmsd in India stood at 95.30 billion. 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 gmsd in India peaked at 95.30 billion in 2023 and was at its lowest, 1.70 billion, 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.
Military spending gmsd in India, year by year
| Year | Value | Change |
|---|---|---|
| 1947 | 1.70 billion | — |
| 1948 | 2.82 billion | +66.5% |
| 1949 | 5.21 billion | +84.6% |
| 1950 | 4.13 billion | -20.7% |
| 1951 | 3.73 billion | -9.6% |
| 1952 | 3.87 billion | +3.7% |
| 1953 | 4.10 billion | +5.9% |
| 1954 | 3.83 billion | -6.7% |
| 1955 | 3.81 billion | -0.4% |
| 1956 | 4.35 billion | +14.0% |
| 1957 | 4.70 billion | +8.2% |
| 1958 | 5.05 billion | +7.3% |
| 1959 | 4.53 billion | -10.2% |
| 1960 | 4.44 billion | -2.1% |
| 1961 | 4.91 billion | +10.7% |
| 1962 | 8.17 billion | +66.4% |
| 1963 | 10.58 billion | +29.4% |
| 1964 | 11.21 billion | +5.9% |
| 1965 | 12.48 billion | +11.4% |
| 1966 | 10.64 billion | -14.8% |
| 1967 | 9.68 billion | -9.0% |
| 1968 | 9.18 billion | -5.2% |
| 1969 | 9.13 billion | -0.5% |
| 1970 | 9.37 billion | +2.6% |
| 1971 | 11.38 billion | +21.4% |
| 1972 | 11.11 billion | -2.4% |
| 1973 | 10.14 billion | -8.7% |
| 1974 | 10.05 billion | -0.9% |
| 1975 | 10.92 billion | +8.6% |
| 1976 | 10.74 billion | -1.6% |
| 1977 | 11.25 billion | +4.7% |
| 1978 | 11.28 billion | +0.3% |
| 1979 | 11.98 billion | +6.2% |
| 1980 | 12.19 billion | +1.8% |
| 1981 | 12.27 billion | +0.6% |
| 1982 | 13.12 billion | +6.9% |
| 1983 | 13.17 billion | +0.4% |
| 1984 | 13.52 billion | +2.7% |
| 1985 | 13.39 billion | -1.0% |
| 1986 | 15.10 billion | +12.7% |
| 1987 | 16.39 billion | +8.6% |
| 1988 | 16.20 billion | -1.2% |
| 1989 | 15.44 billion | -4.6% |
| 1990 | 15.36 billion | -0.5% |
| 1991 | 13.49 billion | -12.2% |
| 1992 | 13.92 billion | +3.2% |
| 1993 | 14.57 billion | +4.7% |
| 1994 | 15.35 billion | +5.4% |
| 1995 | 17.29 billion | +12.6% |
| 1996 | 18.11 billion | +4.8% |
| 1997 | 20.90 billion | +15.4% |
| 1998 | 21.83 billion | +4.5% |
| 1999 | 23.19 billion | +6.2% |
| 2000 | 24.74 billion | +6.7% |
| 2001 | 22.30 billion | -9.9% |
| 2002 | 22.22 billion | -0.3% |
| 2003 | 22.50 billion | +1.2% |
| 2004 | 29.46 billion | +31.0% |
| 2005 | 29.89 billion | +1.5% |
| 2006 | 32.30 billion | +8.0% |
| 2007 | 34.93 billion | +8.2% |
| 2008 | 39.75 billion | +13.8% |
| 2009 | 42.29 billion | +6.4% |
| 2010 | 42.84 billion | +1.3% |
| 2011 | 44.35 billion | +3.5% |
| 2012 | 44.88 billion | +1.2% |
| 2013 | 47.76 billion | +6.4% |
| 2014 | 53.47 billion | +12.0% |
| 2015 | 58.35 billion | +9.1% |
| 2016 | 60.54 billion | +3.8% |
| 2017 | 72.25 billion | +19.3% |
| 2018 | 77.73 billion | +7.6% |
| 2019 | 82.67 billion | +6.4% |
| 2020 | 86.51 billion | +4.6% |
| 2021 | 93.72 billion | +8.3% |
| 2022 | 93.06 billion | -0.7% |
| 2023 | 95.30 billion | +2.4% |
India compared with similar countries
- India's 95.30 billion is above the median for lower middle income countries, which is 485.52 million, 196.3× the median. (42 countries reporting)
- India's 95.30 billion is above the median for South Asia, which is 1.03 billion, 93.0× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Military spending gmsd 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.
| Year | Change | From | To |
|---|---|---|---|
| 1949 | +84.6% | 2.82 billion | 5.21 billion |
| 1948 | +66.5% | 1.70 billion | 2.82 billion |
| 1962 | +66.4% | 4.91 billion | 8.17 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 3.24 billion | 1.70 billion | 5.21 billion | 3 |
| 1950s | 4.21 billion | 3.73 billion | 5.05 billion | 10 |
| 1960s | 9.04 billion | 4.44 billion | 12.48 billion | 10 |
| 1970s | 10.82 billion | 9.37 billion | 11.98 billion | 10 |
| 1980s | 14.08 billion | 12.19 billion | 16.39 billion | 10 |
| 1990s | 17.40 billion | 13.49 billion | 23.19 billion | 10 |
| 2000s | 30.04 billion | 22.22 billion | 42.29 billion | 10 |
| 2010s | 58.48 billion | 42.84 billion | 82.67 billion | 10 |
| 2020s | 92.15 billion | 86.51 billion | 95.30 billion | 4 |
Countries ranked near India
- 1 United States 1.06 trillion compare
- 2 China 349.48 billion compare
- 3 Russia 120.26 billion compare
- 5 Saudi Arabia 88.35 billion compare
- 6 United Kingdom 84.21 billion compare
- 7 France 71.97 billion compare
More reference data data for India
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 20.88 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 68.88 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 246.78 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 15.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 246.78 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 70.02 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 19.71 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 309.05 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1,063 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 85.03 (2050)
Frequently asked questions
- What is military spending gmsd in India?
- Military spending gmsd in India was 95.30 billion in 2023, according to Our World in Data.
- What is the highest military spending gmsd recorded in India?
- The highest recorded value was 95.30 billion in 2023.
- What is the lowest military spending gmsd recorded in India?
- The lowest recorded value was 1.70 billion in 1947.
- How does India rank for military spending gmsd?
- India ranks 4th out of 172 countries with data for 2023.
- Is military spending gmsd 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 Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 77 observations, free to reuse under CC BY 4.0 (Our World in Data).