Military expenditure at constant USD prices from 2014 rose 0.396% to USD 51,116 mil in India in 2015, according to the SIPRI Military Expenditure Database.
Historically, military expenditure at constant USD prices from 2014 in India reached an all time high of USD 51,116 mil in 2015 and an all time low of USD 16,548 mil in 1992. When compared to India's main peers, military expenditure at constant USD prices from 2014 in Bangladesh amounted to USD 2,518 mil, USD 214,485 mil in China, USD 9,248 mil in Pakistan and USD 1,861 mil in Sri Lanka in 2015.
India has been ranked 7th within the group of 142 countries we follow in terms of military expenditure at constant USD prices from 2014, 3 places above the position seen 10 years ago.
| Military Expenditure (Constant 2014 USD) | Unit | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Afghanistan | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 297 | 322 | 321 | 239 | 220 | |||||||
| Bangladesh | USD mil | 1,637 | 1,972 | 2,103 | 2,212 | 2,204 | ||||||||||||||||
| Bhutan | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| China | USD mil | 137,401 | 144,383 | 155,898 | 169,321 | 182,930 | ||||||||||||||||
| India | USD mil | 48,277 | 48,470 | 48,940 | 48,766 | 48,406 | ||||||||||||||||
| Iran | USD mil | 13,220 | 13,446 | 12,150 | 12,639 | 9,984 | ||||||||||||||||
| Japan | USD mil | 46,364 | 46,527 | 47,161 | 46,584 | 46,380 | ||||||||||||||||
| Malaysia | USD mil | 4,798 | 4,191 | 4,697 | 4,480 | 4,881 | ||||||||||||||||
| Maldives | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Myanmar | USD mil | ... | ... | ... | ... | ... | ... | 2,969 | 3,269 | |||||||||||||
| Pakistan | USD mil | 6,879 | 7,134 | 7,520 | 7,975 | 8,238 | ||||||||||||||||
| Russia | USD mil | 59,730 | 60,940 | 65,040 | 75,364 | 79,030 | ||||||||||||||||
| Sri Lanka | USD mil | 1,804 | 1,681 | 1,762 | 1,577 | 1,720 | ||||||||||||||||
| USA | USD mil | 737,747 | 757,992 | 748,646 | 706,082 | 650,081 |
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