India vs Russia: Military expenditure

India

86.13 billion current USD

in 2024

Russia

148.97 billion current USD

in 2024

India rank

5th

Russia rank

3rd

Military expenditure over time

Russia currently reports 148.97 billion current USD against 86.13 billion current USD in India, a difference of 62.84 billion current USD.

That makes Russia's figure about 1.7 times India's.

The two have swapped places 5 times across 37 shared years of data; in 1987 it was India ahead.

Globally, India ranks 5th and Russia ranks 3rd of 167 countries.

Indicator: Military expenditure (current USD)
Unit: current USD
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 211 places, 10,601 data points, 1960–2024
Last refreshed: 06 August 2026

Military spending USD, in current prices (converted at the exchange rate for the given year)