| 5- May-1992 | Prithvi, India's medium range surface-to-surface missile, successfully launched. |
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| 20- May-1992 | Third developmental launch of ASLV. Stretched Rohini Satellite Series (SROSS-C). Launched by third developmental flight of ASLV-D3. This carried Gamma Ray astronomy and aeronomy payload. |
| 22- May-1992 | India launches its 'Agni' rocket. |
| 29- May-1992 | Agni-India's IRB missile successfully test-fired from Orissa coast for the first time since May 22, 1989. |