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MacroIndia

Government debt in India

How indebted is the state my taxes would go to?

India's government debt is 84.30 % — #98 of 125 countries on the atlas (lower is better). Period 2025.

84.30%

Checked 24 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.8 years' worth of the country's entire economic output.

Government debt in India over time

90.40 %78.75 %67.10 %90.40 % · 202067.10 % · 19961991: 76.70 %1992: 78.80 %1993: 78.30 %1994: 74.80 %1995: 70.90 %1996: 67.10 %1997: 69.00 %1998: 69.30 %1999: 71.30 %2000: 74.90 %2001: 80.10 %2002: 84.30 %2003: 85.90 %2004: 84.90 %2005: 82.40 %2006: 77.90 %2007: 75.40 %2008: 74.30 %2009: 72.70 %2010: 67.70 %2011: 68.70 %2012: 68.10 %2013: 68.00 %2014: 67.60 %2015: 69.70 %2016: 69.70 %2017: 70.70 %2018: 71.60 %2019: 76.50 %2020: 90.40 %2021: 85.50 %2022: 84.40 %2023: 84.70 %2024: 84.80 %2025: 84.30 %19912008202584.30 %
35 official observations, 1991 → 2025. Every point is a published value — never interpolated.
Rank
#98 of 125
lower is better
Ranked behind
22 %
27 of 125 countries
Latest move
▼ 0.50 pp
since 2024
Below its peak
6.10 pp
peak 90.40 % in 2020
Full series
▲ 7.60 pp
since 1991

In Asia: #31 of 37vs median 54.70 %: +29.60 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %India: ahead of 22 % of the 125 countries with a published government debtIndia 84.30 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. India is ahead of 22 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs India
96 Jordan83.60 %−0.70 pp
97 Trinidad and Tobago84.00 %−0.30 pp
98 India84.30 %—
99 Egypt86.80 %+2.50 pp
100 Mauritius86.80 %+2.50 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about India

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare India with another country →Everything about India →
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