Military Expenditure in India increased to 73001 USD Million in 2020 from 71469 USD Million in 2019. source: SIPRI

Military Expenditure in India averaged 24552.95 USD Million from 1956 until 2020, reaching an all time high of 73001 USD Million in 2020 and a record low of 2871 USD Million in 1956. India Military Expenditure - values, historical data and charts - was last updated on September of 2021.

Military Expenditure in India is expected to reach 61535.05 USD Million by the end of 2021, 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 2022 and 65107.33 USD Million in 2023, according to our econometric models.

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India Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
73001.00 71469.00 73001.00 2871.00 1956 - 2020 USD Million Yearly
Constant 2019 prices

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 69.80 83.23 47.94 percent of GDP [+]
Government Budget -9.40 -4.60 -2.53 -9.40 percent of GDP [+]
Government Budget Value -321143.00 -274245.00 -9406.00 -1821461.00 INR Tens of Millions [+]
Government Spending 4214.71 4559.97 4559.97 735.82 INR Billion [+]
Government Revenues 683297.00 547399.00 1750727.00 82.00 INR Tens of Millions [+]
Fiscal Expenditure 1004440.00 821644.00 3511181.00 13655.00 INR Tens of Millions [+]
Military Expenditure 73001.00 71469.00 73001.00 2871.00 USD Million [+]
Credit Rating 56.00 [+]
Government Spending To GDP 17.60 13.21 19.42 11.81 percent of GDP [+]