India's defense spending $92.1bn in 2025, up 8.9%, 5th-biggest globally
India
India's defense spending hit $92.1 billion in 2025, an 8.9% jump from the previous year (2024), making it the fifth-biggest spender on the planet, just behind the US China, Russia, and Germany.
This boost highlights India's push to modernize its military as security concerns keep growing.
India 2nd-largest arms importer, $4bn exporter
Between 2021 and 2025, India was the world's second-largest arms importer (nearly double Pakistan's share), but it's not just buying: defense exports shot up to more than $4 billion in 2025-26, a record-breaking over 60% increase.
Now, India supplies missiles and naval gear to over 100 countries, including heavyweights like the US and France, a sign that its homegrown defense industry is making real progress.