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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
highCompound annual growth since first year — 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
mediumCompound annual growth since first year — 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
highCompound annual growth since first year — 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
highCompound annual growth since first year — 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$)
highCompound annual growth since first year — derived from "Military expenditure (US$)".
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
highCompound annual growth since first year — 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
highCompound annual growth since first year — 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
highCompound annual growth since first year — 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)
highCompound annual growth since first year — 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)
highCompound annual growth since first year — 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.