India Military Expenditure
2.3%▼ −0.1%
Dec 2024 · Annual
India's military expenditure fell to 2.27% of GDP in 2024 from 2.36% in 2023. The figure remains above the all-time low of 2.00% recorded in 1960 and well below the peak of 4.23% in 1987. The series dates back to 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.3% | 2.4% | 4.2%Dec 1987 | 2.0%Dec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 84.1% | 84.8% | 90.6% | 67.1% | Dec 2025 | Annual |
| Military Expenditure (USD) | $86.1B | $82.3B | $86.1B | $681.8M | Dec 2024 | Annual |
About this series
Military Expenditure in India averaged 2.7% from 1960 until 2024, reaching an all-time high of 4.2% in Dec 1987 and a record low of 2.0% in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure as a percentage of GDP measures the share of economic output allocated to military activities. The indicator is reported annually and expressed as a percent. The series for India covers the period from 1960 to the latest available year.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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