Ministry of Defence

STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE

Posted On: 09 FEB 2024 4:26PM by PIB Delhi

As per Stockholm International Peace Research Institute, India’s military expenditure from the year 2019 to 2022 is as under:

(In Current US$ Million)

Year

2019

2020

2021

2022

 

71,468.90

72,937.10

76,348.50

81,363.20

 

The increase in defence spending is attributable to the requirement of funds projected by the Services and the availability of resources with the Government.

This information was given by Raksha Rajya Mantri Shri Ajay Bhatt in a written reply to Shri Natarajan PR in the Lok Sabha today.

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ABB/Savvy/Nirmit



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