India vs Lower middle income: Net flows on external debt, private nonguaranteed (PNG)

India
36.30 billion NFL, current US$
in 2024
Lower middle income
27.00 billion NFL, current US$
in 2024
India rank
1st
Lower middle income rank
2nd

Net flows on external debt, private nonguaranteed (PNG) over time

  • India
  • Lower middle income
-20.0B020.0B40.0B60.0B197019972024

How they compare

India currently reports 36.30 billion NFL, current US$ against 27.00 billion NFL, current US$ in Lower middle income, a difference of 9.30 billion NFL, current US$.

That makes India's figure about 1.3 times Lower middle income's.

The two have swapped places 7 times across 55 shared years of data; in 1970 it was Lower middle income ahead.

India ranks 1st and Lower middle income ranks 2nd of 93 countries.

Lower middle income has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade India Lower middle income Difference Ahead
1970s 4.07 million NFL, current US$ 296.47 million NFL, current US$ 292.40 million NFL, current US$ Lower middle income
1980s 81.54 million NFL, current US$ 495.80 million NFL, current US$ 414.26 million NFL, current US$ Lower middle income
1990s 394.98 million NFL, current US$ 1.53 billion NFL, current US$ 1.13 billion NFL, current US$ Lower middle income
2000s 7.87 billion NFL, current US$ 10.19 billion NFL, current US$ 2.32 billion NFL, current US$ Lower middle income
2010s 13.38 billion NFL, current US$ 32.78 billion NFL, current US$ 19.40 billion NFL, current US$ Lower middle income
2020s 12.84 billion NFL, current US$ 15.02 billion NFL, current US$ 2.18 billion NFL, current US$ Lower middle income

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net flows on external debt, private nonguaranteed (png), India or Lower middle income?
India, at 36.30 billion NFL, current US$ against 27.00 billion NFL, current US$ in Lower middle income as of 2024.
What is the difference in net flows on external debt, private nonguaranteed (png) between India and Lower middle income?
9.30 billion NFL, current US$, with India ahead.
How many years of comparable data are there for India and Lower middle income?
55 years are reported by both, from 1970 to 2024.
How do India and Lower middle income rank globally for net flows on external debt, private nonguaranteed (png)?
India ranks 1st and Lower middle income ranks 2nd of 93 countries.
Where does this data come from?
International Debt Statistics, World Bank (WB), published as Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Lower middle income: Net flows on external debt, private nonguaranteed (PNG). Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 01 September 2026, from https://debt.statizoid.com/compare/net-flows-on-external-debt-private-nonguaranteed-png-nfl-current-us/india/lower-middle-income/

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<a href="https://debt.statizoid.com/compare/net-flows-on-external-debt-private-nonguaranteed-png-nfl-current-us/india/lower-middle-income/">India vs Lower middle income: Net flows on external debt, private nonguaranteed (PNG)</a> — Statizoid

About this data

Indicator
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)
Unit
NFL, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
105 places, 3,634 data points, 1970–2024
Last refreshed

Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.