India Military Expenditure (USD)
$86.1B▲ +$3.8B
Dec 2024 · Annual
India's military expenditure rose to $86.13 billion in 2024 from $82.29 billion in 2023. The figure marked a new all-time high for the series, which began in 1960. The previous record was set in 2024 itself.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $86.1B | $82.3B | $86.1BDec 2024 | $681.8MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 2.3% | 2.4% | 4.2% | 2.0% | Dec 2024 | Annual |
| GDP | $3.96T | $3.76T | $3.96T | $37.0B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in India averaged $36.5B from 1960 until 2024, reaching an all-time high of $86.1B in Dec 2024 and a record low of $681.8M in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure, current USD measures annual defense spending in U.S. dollars at current exchange rates. The series covers the period from 1960 to 2024 for India. Data is reported on a calendar-year basis.
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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