The ratio of military expenditure to gross domestic product (GDP) in India decreased to 2.43 percent compared to the previous year. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Pakistan and Afghanistan.
India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (October 24, 2024). India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/
World Bank. "India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/
World Bank. (2024). India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/
World Bank. "India: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/
World Bank, India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/ (last visited November 17, 2024)
India: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/810418/ratio-of-military-expenditure-to-gross-domestic-product-gdp-india/
