Military Expenditure in India increased to 66578 USD Million in 2018 from 64559 USD Million in 2017.

Military Expenditure in India averaged 22117.44 USD Million from 1956 until 2018, reaching an all time high of 66578 USD Million in 2018 and a record low of 2759 USD Million in 1956. India Military Expenditure - values, historical data and charts - was last updated on July of 2020. source: SIPRI

Military Expenditure in India is expected to reach 61535.05 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Military Expenditure is projected to trend around 63151.02 USD Million in 2021 and 65107.33 USD Million in 2022, according to our econometric models.

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India Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
66578.00 64559.00 66578.00 2759.00 1956 - 2018 USD Million Yearly
constant 2017 prices

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 68.30 83.23 47.94 percent [+]
Government Budget -4.59 -3.34 -2.53 -8.13 percent of GDP [+]
Government Budget Value -4663.43 -2795.12 -94.06 -10364.85 INR Billion [+]
Government Spending 3807.47 3877.29 4656.43 735.82 INR Billion [+]
Government Revenues 454.98 275.48 17507.27 0.82 INR Billion [+]
Fiscal Expenditure 5118.41 3070.60 26863.62 136.55 INR Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 66578.00 64559.00 66578.00 2759.00 USD Million [+]
Government Spending To GDP 13.21 12.93 19.42 11.81 percent of GDP [+]