India recorded a Government Debt to GDP of 86.54 percent of the country's Gross Domestic Product in the 2022-23 fiscal year. Government Debt to GDP in India averaged 69.71 percent of GDP from 1980 until 2022, reaching an all time high of 89.45 percent of GDP in 2020 and a record low of 47.94 percent of GDP in 1980. source: Reserve Bank of India

Government Debt to GDP in India is expected to reach 87.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Government Debt to GDP is projected to trend around 87.00 percent of GDP in 2025, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 56.00 Apr 2024
Fiscal Expenditure 3747287.00 3354730.00 INR Tens of Million Feb 2024
Government Budget -5.80 -6.44 percent of GDP Dec 2023
Government Budget Value -1501365.00 -1102602.00 INR Tens of Million Feb 2024
Government Debt to GDP 86.54 85.21 percent of GDP Dec 2022
Government Revenues 2245922.00 2252128.00 INR Tens of Million Feb 2024
Government Spending 3416.25 3832.89 INR Billion Dec 2023
Government Spending to GDP 14.92 15.37 percent of GDP Dec 2023
Holidays
Military Expenditure 83574.60 79976.80 USD Million Dec 2023

India Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
86.54 85.21 89.45 47.94 1980 - 2022 percent of GDP Yearly