India recorded a government debt equivalent to 69.62 percent of the country's Gross Domestic Product in the 2019-20 fiscal year. source: Reserve Bank of India

Government Debt to GDP in India averaged 68.26 percent from 1980 until 2019, reaching an all time high of 83.23 percent in 2003 and a record low of 47.94 percent in 1980. This page provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Government Debt to GDP - values, historical data and charts - was last updated on May of 2021.

Government Debt to GDP in India is expected to reach 85.00 percent by the end of 2021, 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 84.00 percent in 2022, according to our econometric models.

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India Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
69.62 69.80 83.23 47.94 1980 - 2019 percent Yearly

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 69.80 83.23 47.94 percent [+]
Government Budget -9.50 -3.77 -2.53 -9.50 percent of GDP [+]
Government Budget Value -14055.47 -12340.04 -94.06 -14055.47 INR Billion [+]
Government Spending 3551.03 3623.68 4866.36 735.82 INR Billion [+]
Government Revenues 14130.96 12833.14 17507.27 0.82 INR Billion [+]
Fiscal Expenditure 28186.43 25173.18 28186.43 136.55 INR Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 70794.00 66258.00 70794.00 2745.00 USD Million [+]
Government Spending To GDP 13.21 12.93 19.42 11.81 percent of GDP [+]


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.