World Bank WDI (SIPRI military expenditure) · updated 2026-10-15 · 166 economies tracked
2.3 (2025)
##43 of 166 economies
0.7%
1.15×
1 = global #1 · higher value ranks higher
Real annual global ranks, 1960 - 2025. India climbed from #36 to #43 (overtook Iran). Gaps in a lane = missing data that year.
Key events for India ↓Auto-detected from rank data + curated milestones
Balance-of-payments crisis triggers sweeping market reforms.
Growth slows sharply as capital flows reverse.
High-denomination notes withdrawn, causing cash shortages.
GDP records its largest contraction on record.
Government Education Expenditure (% of GDP), Government Health Expenditure (% of GDP), General Government Gross Debt (% of GDP), Government Revenue (% of GDP)
No community estimates yet for Government Defence Expenditure (% of GDP) — be the first.