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Derived views — year-on-year, indexed, growth rates — are labelled as derived and are only generated where the underlying series has enough points to make them meaningful. Charts awaiting the ETL backfill are shown explicitly rather than hidden.
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Defence exports
highYear-on-year change — derived from "Defence exports".
Nominal rupees, not inflation-adjusted. Roughly a third of the 2013-14 to 2025-26 growth is rupee inflation and depreciation.
Defence production
mediumYear-on-year change — derived from "Defence production".
FY2024-25 was first announced as ₹1,50,590 crore and later restated to ~₹1.54 lakh crore once remaining private-sector returns were counted. The revised figure is shown and flagged.
Ministry of Defence budget allocation
highYear-on-year change — derived from "Ministry of Defence budget allocation".
Includes pensions, which are roughly a fifth of the total and buy no new capability. Comparisons with China's or America's budgets that ignore this overstate India's usable defence spend.
Military expenditure
highYear-on-year change — derived from "Military expenditure".
India's military burden has fallen steadily as a share of GDP since 2001 even as absolute spending rose — the economy grew faster than the budget.
Military expenditure (US$)
highYear-on-year change — derived from "Military expenditure (US$)".
World Bank indicator MS.MIL.XPND.CD. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.
Military expenditure as share of government spending
highYear-on-year change — derived from "Military expenditure as share of government spending".
World Bank indicator MS.MIL.XPND.ZS. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.
Armed forces personnel
highYear-on-year change — derived from "Armed forces personnel".
World Bank indicator MS.MIL.TOTL.P1. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.
Armed forces personnel share of labour force
highYear-on-year change — derived from "Armed forces personnel share of labour force".
World Bank indicator MS.MIL.TOTL.TF.ZS. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.
Arms imports (SIPRI trend indicator values)
highYear-on-year change — derived from "Arms imports (SIPRI trend indicator values)".
World Bank indicator MS.MIL.MPRT.KD. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.
Arms exports (SIPRI trend indicator values)
highYear-on-year change — derived from "Arms exports (SIPRI trend indicator values)".
World Bank indicator MS.MIL.XPRT.KD. History is restated by the World Bank as national accounts are revised; this series is rewritten in full on every pipeline run rather than appended to.