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?
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