India

Government debt in India

Government debt in India: 76.7% of GDP in 1991 and 84.8% of GDP in 2024, by IMF estimates.

Latest, 2024
84.8% of GDP
Since 1991
+8.2 percentage points
Projected, 2031
75.1% of GDP
IMF projection (World Economic Outlook, October 2026)
Watch it change on the map

% of GDP · IMF

Government debt in IndiaGovernment debt in India: 76.7% of GDP in 1991 and 84.8% of GDP in 2024, by IMF estimates. The IMF projection (World Economic Outlook, October 2026) puts it at 75.1% of GDP in 2031.
Estimates, IMFIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • The IMF projection (World Economic Outlook, October 2026) puts it at 75.1% of GDP in 2031.
  • The highest was 90.4% of GDP in 2020, the lowest 67.1% of GDP in 1996.

Every year

% of GDP · IMF

YearIndia
202484.8
202384.8
202284.4
202185.5
202090.4
201976.5
201871.6
201770.7
201669.8
201569.7
201467.6
201368
201268.1
201168.7
201067.7
200972.7
200874.3
200775.4
200677.9
200582.4
200484.9
200385.9
200284.3
200180.1
200074.9
199971.3
199869.3
199769
199667.1
199570.9
199474.8
199378.3
199278.8
199176.7
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearIndia
202584.3
202683.1
202781.3
202879.9
202978.4
203077
203175.1

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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