India's military expenditure grew from in 1960 to a peak of in 1987, largely driven by conflicts with Pakistan and China and a focus on regional security. Spending stabilized around in the 1970s and 1980s despite recurring tensions.
Post-1991 economic reforms brought reductions, with spending decreasing to by the 2010s. The slight increase to in 2020 reflects growing security challenges, including border disputes and the need for defense modernization amid rising global tensions.
Post-1991 economic reforms brought reductions, with spending decreasing to by the 2010s. The slight increase to in 2020 reflects growing security challenges, including border disputes and the need for defense modernization amid rising global tensions.
For additional information, visit statistics on India’s working-age population share, India’s annual GDP data, value of goods imported from India.
