Government Spending in India increased to 4559.97 INR Billion in the first quarter of 2021 from 3551.03 INR Billion in the fourth quarter of 2020. source: Ministry of Statistics and Programme Implementation (MOSPI)

Government Spending in India averaged 2301.60 INR Billion from 2004 until 2021, reaching an all time high of 4866.36 INR Billion in the second quarter of 2020 and a record low of 735.82 INR Billion in the second quarter of 2004. This page provides - India Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in India is expected to be 5377.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in India to stand at 4861.00 in 12 months time. In the long-term, the India Government Spending is projected to trend around 4035.00 INR Billion in 2022 and 4297.00 INR Billion in 2023, according to our econometric models.

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India Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
4559.97 3551.03 4866.36 735.82 2004 - 2021 INR Billion Quarterly
2011-2012=100, NSA

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 69.80 83.23 47.94 percent of GDP [+]
Government Budget -9.40 -4.60 -2.53 -9.40 percent of GDP [+]
Government Budget Value -123174.00 -78699.00 -9406.00 -1821461.00 INR Tens of Millions [+]
Government Spending 4559.97 3551.03 4866.36 735.82 INR Billion [+]
Government Revenues 354787.00 147991.00 1750727.00 82.00 INR Tens of Millions [+]
Fiscal Expenditure 477961.00 226690.00 3511181.00 13655.00 INR Tens of Millions [+]
Credit Rating 56.00 [+]
Military Expenditure 73001.00 71469.00 73001.00 2871.00 USD Million [+]
Government Spending To GDP 17.60 13.21 19.42 11.81 percent of GDP [+]

India Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.