Military expenditure in dollars — all countries

Military expenditure in dollars — India

Military expenditure in dollars in India in 2024 — 86,125,976,249 US$. Ranked 5 in the world out of 151. Since 1960, the indicator has risen by 12,532.8%.

2024 86.13B US$ +4.66% vs 2023
World rank 5of 151
Period maximum 86.13B US$2024
Period minimum 682M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — India, 1960–2024025B50B75B100B19601967197419811988199520022009201620231960: 681,765,682 US$1962: 1,065,436,065 US$1964: 1,986,654,487 US$1966: 1,661,154,906 US$1968: 1,586,866,667 US$1970: 1,832,966,667 US$1972: 2,497,244,706 US$1974: 2,895,415,720 US$1976: 3,294,910,612 US$1978: 3,975,819,130 US$1980: 5,420,809,519 US$1982: 6,302,107,956 US$1984: 6,956,682,449 US$1986: 9,539,363,086 US$1988: 11,346,419,153 US$1990: 10,537,035,450 US$1992: 8,083,231,410 US$1994: 8,880,551,226 US$1996: 9,904,672,736 US$1998: 11,920,610,818 US$2000: 14,287,514,241 US$2002: 14,749,667,252 US$2004: 20,238,566,527 US$2006: 23,951,927,958 US$2008: 33,002,376,727 US$2010: 46,090,445,657 US$2012: 47,216,920,048 US$2014: 50,914,096,277 US$2016: 56,637,622,641 US$2018: 66,257,801,718 US$2020: 72,937,064,048 US$2022: 79,976,789,328 US$2024: 86,125,976,249 US$
Change over the period: +85.44B (+12,532.78%) Average annual rate: 7.85 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: India

India 86.13B US$
World 2.65T US$
South Asia 91.92B US$
Southern Asia computed 110B US$
Lower-middle-income countries computed 210B US$
Military expenditure in dollars — India, by year India All countries CSV XLSX
Year US$ Change Change, %
2024 86.13B +3.83B +4.66%
2023 82.29B +2.32B +2.9%
2022 79.98B +3.63B +4.75%
2021 76.35B +3.41B +4.68%
2020 72.94B +1.47B +2.05%
2019 71.47B +5.21B +7.86%
2018 66.26B +1.7B +2.63%
2017 64.56B +7.92B +13.99%
2016 56.64B +5.34B +10.41%
2015 51.3B +381M +0.75%
2014 50.91B +3.51B +7.41%
2013 47.4B +187M +0.4%
2012 47.22B −2.42B −4.87%
2011 49.63B +3.54B +7.69%
2010 46.09B +7.37B +19.03%
2009 38.72B +5.72B +17.33%
2008 33B +4.75B +16.8%
2007 28.25B +4.3B +17.96%
2006 23.95B +880M +3.81%
2005 23.07B +2.83B +14%
2004 20.24B +3.9B +23.9%
2003 16.33B +1.58B +10.74%
2002 14.75B +149M +1.02%
2001 14.6B +313M +2.19%
2000 14.29B +392M +2.82%
1999 13.9B +1.97B +16.57%
1998 11.92B +456M +3.97%
1997 11.46B +1.56B +15.75%
1996 9.9B +150M +1.54%
1995 9.75B +874M +9.84%
1994 8.88B +627M +7.6%
1993 8.25B +170M +2.11%
1992 8.08B −539M −6.25%
1991 8.62B −1.91B −18.17%
1990 10.54B −52.76M −0.5%
1989 10.59B −757M −6.67%
1988 11.35B +469M +4.31%
1987 10.88B +1.34B +14.03%
1986 9.54B +1.97B +26.06%
1985 7.57B +610M +8.77%
1984 6.96B +126M +1.84%
1983 6.83B +529M +8.39%
1982 6.3B +423M +7.2%
1981 5.88B +458M +8.45%
1980 5.42B +831M +18.11%
1979 4.59B +614M +15.44%
1978 3.98B +499M +14.34%
1977 3.48B +182M +5.53%
1976 3.29B −28.74M −0.86%
1975 3.32B +428M +14.79%
1974 2.9B +365M +14.45%
1973 2.53B +32.68M +1.31%
1972 2.5B +242M +10.73%
1971 2.26B +422M +23.04%
1970 1.83B +142M +8.37%
1969 1.69B +105M +6.59%
1968 1.59B +99.13M +6.66%
1967 1.49B −173M −10.44%
1966 1.66B −465M −21.86%
1965 2.13B +139M +7.01%
1964 1.99B +191M +10.65%
1963 1.8B +730M +68.52%
1962 1.07B +317M +42.36%
1961 748M +66.62M +9.77%
1960 682M

Southern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.