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India Military Expenditure

Government
India
Source: India Military Expenditure, released on Dec 31 by SIPRI
4.50%
Overview
Current Value
4.50%
Average Value (10 years)
5.90%
Statistical Analysis
Current Status
Normal
Historical Average
5.90%
Long-term mean
Historical Data
DateValueChange
12-31-20234.50%-0.25%
12-31-20224.75%+0.08%
12-31-20214.68%+2.62%
12-31-20202.05%-5.81%
12-31-20197.86%+5.23%
Forecast & Analysis

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Next Period Forecast
4.50%
3-Month Outlook
Moderate Growth
Based on economic models
12-Month Outlook
Stable
Long-term projection

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Key Information
Current Value4.50%
Average Value (10 years)5.90%

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Economic data last updated May 18, 2025