Military Expenditure in India increased to 70794 USD Million in 2019 from 66258 USD Million in 2018. source: SIPRI
Military Expenditure in India averaged 22794.41 USD Million from 1956 until 2019, reaching an all time high of 70794 USD Million in 2019 and a record low of 2745 USD Million in 1956. India Military Expenditure - values, historical data and charts - was last updated on April of 2021.
Military Expenditure in India is expected to reach 61535.05 USD Million by the end of 2021, 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 2022 and 65107.33 USD Million in 2023, according to our econometric models.