Military Expenditure in India increased to 66578 USD Million in 2018 from 64559 USD Million in 2017. source: SIPRI
Military Expenditure in India averaged 22117.44 USD Million from 1956 until 2018, reaching an all time high of 66578 USD Million in 2018 and a record low of 2759 USD Million in 1956. India Military Expenditure - values, historical data and charts - was last updated on January of 2021.
Military Expenditure in India is expected to reach 61680.08 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Military Expenditure is projected to trend around 63151.02 USD Million in 2021 and 65107.33 USD Million in 2022, according to our econometric models.