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# India Military Expenditure

> India military expenditure is 2.3% as of Dec 2024, from 2.4%. History from 1960, source World Bank. Free API & MCP access.

Military Expenditure in India fell to 2.3% in Dec 2024 from 2.4% in Dec 2023.

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.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 2.3% | 2.4% | 4.2% (Dec 1987) | 2.0% (Dec 1960) | 1960–2024 | USD / % GDP | annual |

## FAQ

**What is India's military expenditure right now?**

Military Expenditure in India is 2.3% as of Dec 2024.

**What are the historical extremes for India's military expenditure?**

The all-time high is 4.2% (Dec 1987); the record low is 2.0% (Dec 1960), over a series starting in 1960.

**How often is this series updated?**

Military Expenditure for India is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=india&indicator=military-expenditure`.
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