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India Defense Industry Outlook 2022 - 2026

See how India Defense performed compared to key markets such as the United States and China.

Key Market Indicators

India is set to become the third-biggest defence spender in the world, with a projected expenditure of nearly $84 billion in 2026. The country's defence budget has been rising steadily since 1965, with an average growth of 4.9% year on year. In 2021, India's defence spending was $72 billion, behind China's $719 billion and Russia's $65 billion. China and Russia came in at first and fourth respectively in the ranking.

India Defense Market Data and Forecasts

How much will India Defense Market grow to 2026?

Forecast: Public Administration, Defence, Education, Health, Social Work Value Added in India
Forecast: Public Administration, Defence, Education, Health, Social Work Value Added in India
Forecast: Military Expenditure in India
Forecast: Military Expenditure in India
Forecast: Military Expenditure in India
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