Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
India's military expenditure stands at 2.27% as of 2024-12-31, down from 2.36% in 2023. Historical data runs from 1960 to 2024 (65 observations).
In 2024, India's military expenditure was 2.27%, down from 2.36% in 2023.
In 2023, India's military expenditure was 2.36%, down from 2.38% in 2022.
In 2022, India's military expenditure was 2.38%, down from 2.47% in 2021.
In 2021, India's military expenditure was 2.47%, down from 2.8% in 2020.
In 2020, India's military expenditure was 2.8%, up from 2.55% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 2.27% | -0.0856% |
| 2023 | 2.36% | -0.0263% |
| 2022 | 2.38% | -0.0856% |
| 2021 | 2.47% | -0.3349% |
| 2020 | 2.8% | +0.2576% |
| 2019 | 2.55% | +0.1217% |
| 2018 | 2.42% | -0.1072% |
| 2017 | 2.53% | -0.0116% |
| 2016 | 2.54% | +0.0857% |
| 2015 | 2.46% | -0.0865% |
| 2014 | 2.54% | -0.0048% |
| 2013 | 2.55% | -0.0693% |
| 2012 | 2.62% | -0.0863% |
| 2011 | 2.7% | -0.185% |
| 2010 | 2.89% | -0.2399% |
| 2009 | 3.13% | +0.4979% |
| 2008 | 2.63% | +0.1532% |
| 2007 | 2.48% | -0.2021% |
| 2006 | 2.68% | -0.2302% |
| 2005 | 2.91% | +0.0818% |
| 2004 | 2.83% | +0.151% |
| 2003 | 2.68% | -0.1491% |
| 2002 | 2.83% | -0.0976% |
| 2001 | 2.92% | -0.0245% |
| 2000 | 2.95% | -0.0083% |
| 1999 | 2.96% | +0.2299% |
| 1998 | 2.73% | +0.0796% |
| 1997 | 2.65% | +0.175% |
| 1996 | 2.47% | -0.1057% |
| 1995 | 2.58% | -0.0862% |
| 1994 | 2.66% | -0.1589% |
| 1993 | 2.82% | +0.1187% |
| 1992 | 2.7% | -0.2051% |
| 1991 | 2.91% | -0.2362% |
| 1990 | 3.15% | -0.388% |
| 1989 | 3.53% | -0.1945% |
| 1988 | 3.73% | -0.5026% |
| 1987 | 4.23% | +0.1248% |
| 1986 | 4.11% | +0.5374% |
| 1985 | 3.57% | +0.1522% |
| 1984 | 3.42% | +0.0938% |
| 1983 | 3.32% | -0.022% |
| 1982 | 3.35% | +0.1589% |
| 1981 | 3.19% | +0.0525% |
| 1980 | 3.13% | -0.1275% |
| 1979 | 3.26% | +0.135% |
| 1978 | 3.13% | -0.0364% |
| 1977 | 3.16% | -0.3151% |
| 1976 | 3.48% | -0.0567% |
| 1975 | 3.53% | +0.3318% |
| 1974 | 3.2% | +0.0442% |
| 1973 | 3.16% | -0.5593% |
| 1972 | 3.72% | +0.0655% |
| 1971 | 3.65% | +0.4673% |
| 1970 | 3.19% | +0.0444% |
| 1969 | 3.14% | -0.1048% |
| 1968 | 3.25% | +0.0216% |
| 1967 | 3.22% | -0.3484% |
| 1966 | 3.57% | -0.299% |
| 1965 | 3.87% | +0.0522% |
| 1964 | 3.82% | -0.2061% |
| 1963 | 4.03% | +1.28% |
| 1962 | 2.75% | +0.671% |
| 1961 | 2.07% | +0.0703% |
| 1960 | 2% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
India's military expenditure is 2.27% as of 2024-12-31, compared with 2.36% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 4.23% (1987); the lowest is 2% (1960), across data from 1960 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.