India Debt to GDP Ratio 1990-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • India debt to gdp ratio for 2018 was 46.52%, a 1.06% decline from 2017.
  • India debt to gdp ratio for 2017 was 47.58%, a 0.05% decline from 2016.
  • India debt to gdp ratio for 2016 was 47.63%, a 2.33% decline from 2015.
  • India debt to gdp ratio for 2015 was 49.96%, a 0.06% increase from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Bhutan 95.85%
Mongolia 65.92%
Zambia 59.71%
Ukraine 55.34%
Kyrgyz Republic 54.74%
El Salvador 51.67%
India 46.52%
Georgia 38.22%
Papua New Guinea 36.67%
Indonesia 33.14%
Lesotho 32.84%
Moldova 27.51%
Eswatini 26.98%
Micronesia 23.70%
Solomon Islands 7.69%
India Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2018 46.52% -1.06%
2017 47.58% -0.05%
2016 47.63% -2.33%
2015 49.96% 0.06%
2014 49.90% -0.41%
2013 50.31% -0.37%
2012 50.68% -0.88%
2011 51.56% -0.04%
2010 51.59% -3.66%
2009 55.26% -2.04%
2008 57.29% -0.21%
2007 57.50% -2.17%
2006 59.67% -2.56%
2005 62.23% -0.37%
2004 62.59% 0.40%
2003 62.19% -0.36%
2002 62.55% 3.53%
2001 59.02% 4.01%
2000 55.00% 3.65%
1999 51.35% 1.03%
1998 50.32% -0.05%
1997 50.37% 4.64%
1996 45.72% -1.77%
1995 47.49% -2.10%
1994 49.59% -2.17%
1993 51.76% 2.08%
1992 49.68% -0.33%
1991 50.01% -0.77%
1990 50.78% -0.77%