In 2021, real military expenditure for India was 73,575 million US dollars. Between 1972 and 2021, real military expenditure of India grew substantially from 9,427 to 73,575 million US dollars rising at an increasing annual rate that reached a maximum of 18.21% in 1986 and then decreased to 0.87% in 2021.
The description is composed by our digital data assistant.Figures in constant (2020) US$ are present according to calendar year, calculated on the assumption that, where financial years do not correspond to calendar years, spending is distributed evenly through the year