India—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #5 of 156Updated April 2026
Latest Value
$86.13B
2024
YoY Change
+4.7%
2023 → 2024
Global Rank
#5
of 156 countries
Maximum
$86.13B
2024
Minimum
$14.29B
2000
CAGR
+7.8%
25 years
Last
$86.13B
Previous
$82.29B
Highest
$86.13B
Lowest
$14.29B
Source
World Bank World Development Indicators
India's military expenditure (usd) was $86.13B in 2024, ranking #5 out of 156 countries. This represents a +4.7% change from 2023. Over the past 25 years, the highest recorded value was $86.13B (2024) and the lowest was $14.29B (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $86.13B | +4.7% |
| 2023 | $82.29B | +2.9% |
| 2022 | $79.98B | +4.8% |
| 2021 | $76.35B | +4.7% |
| 2020 | $72.94B | +2.1% |
| 2019 | $71.47B | +7.9% |
| 2018 | $66.26B | +2.6% |
| 2017 | $64.56B | +14.0% |
| 2016 | $56.64B | +10.4% |
| 2015 | $51.30B | +0.7% |
| 2014 | $50.91B | +7.4% |
| 2013 | $47.40B | +0.4% |
| 2012 | $47.22B | -4.9% |
| 2011 | $49.63B | +7.7% |
| 2010 | $46.09B | +19.0% |
| 2009 | $38.72B | +17.3% |
| 2008 | $33.00B | +16.8% |
| 2007 | $28.25B | +18.0% |
| 2006 | $23.95B | +3.8% |
| 2005 | $23.07B | +14.0% |
| 2004 | $20.24B | +23.9% |
| 2003 | $16.33B | +10.7% |
| 2002 | $14.75B | +1.0% |
| 2001 | $14.60B | +2.2% |
| 2000 | $14.29B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |