Military Expenditure in India increased to 59757.10 USD Million in 2017 from 56637.60 USD Million in 2016. Military Expenditure in India averaged 20080.49 USD Million from 1956 until 2017, reaching an all time high of 59757.10 USD Million in 2017 and a record low of 2590.70 USD Million in 1956.

Military Expenditure in India is expected to be 61244.99 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Military Expenditure is projected to trend around 65107.33 USD Million in 2020, according to our econometric models.

India Military Expenditure
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India Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.70 69.60 84.20 66.00 percent [+]
Government Budget -3.53 -3.52 -2.53 -8.13 percent of GDP [+]
Government Budget Value -5947.32 -5912.91 -94.06 -7156.99 INR Billion [+]
Government Spending 3972.15 3310.31 3972.15 735.82 INR Billion [+]
Government Revenues 7094.83 4795.68 15510.04 0.82 INR Billion [+]
Fiscal Expenditure 13042.15 10708.59 21426.67 136.55 INR Billion [+]
Military Expenditure 59757.10 56637.60 59757.10 2590.70 USD Million [+]
Credit Rating 47.56 [+]
Government Spending To GDP 12.74 13.27 19.42 11.81 percent of GDP [+]


India Military Expenditure

India Military Expenditure - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
59757.10 56637.60 59757.10 2590.70 1956 - 2017 USD Million Yearly
constant 2016 prices




Country Last
Argentina 5164.97 Dec/17
Australia 26102.32 Dec/17
Brazil 25751.34 Dec/17
Canada 19837.10 Dec/17
China 228173.00 Dec/17
France 56287.40 Dec/17
Germany 43023.00 Dec/17
India 59757.10 Dec/17
Indonesia 7910.80 Dec/17
Italy 28416.60 Dec/17
Japan 46555.98 Dec/17
Mexico 5532.60 Dec/17
Netherlands 9780.20 Dec/17
Russia 55327.20 Dec/17
Saudi Arabia 69521.40 Dec/17
Singapore 10122.00 Dec/17
South Africa 3110.20 Dec/17
South Korea 37559.90 Dec/17
Spain 15686.00 Dec/17
Switzerland 4603.60 Dec/17
Turkey 19579.90 Dec/17
United Kingdom 48383.40 Dec/17
United States 597177.90 Dec/17


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