What percentage of GDP does India spend on military?

What percentage of GDP is spent on military in India?

In 2019, military expenditure in India amounted to about 2.4 percent of gross domestic product.

What percentage of the GDP is military spending?

Military expenditure as share of GDP 2020, by country

In 2020, the military expenditure of the United States was estimated at 3.7 percent of the country’s gross domestic product.

What percentage of GDP does China spend on military?

Military expenditure (% of GDP) in China was reported at 1.7498 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.

How much does Russia spend on military?

The Stockholm International Peace Research Institute (SIPRI) 2017 Military Expenditure Database estimated Russia’s military expenditure in 2016 at US$69.2 billion.

How much does China spend on military?

Military expenditure in China from 1990 to 2020

This statistic shows China’s estimated expenditure on military services from 1990 to 2020. In 2020, China’s military spending amounted to an estimated 252.3 billion U.S. dollars.

What is the budget of Indian army?

In the current financial year 2021-22, the Narendra Modi government has allocated a budget of Rs 4,78,196 crore of defence expenditure which is 13.73 per cent of the total central government expenditure, the ministry of defence informed a parliamentary standing committee.

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Which country military expenditure is more India or Pakistan?

While India spent 2.9% of its GDP on its military, Russia and Pakistan spent 4.3% and 4% of their GDP on their defence forces. While Pakistan spent a higher percentage of its GDP on its defence forces, its total military spend is $10.3 billion, and it’s ranked 23rd in the list of countries.