India vs Japan: Net lending (+) / net borrowing (-), General government, Domestic

India
-42.02 trillion
in 2031
Japan
-31.56 trillion
in 2031
India rank
25th
Japan rank
23rd

Net lending (+) / net borrowing (-), General government, Domestic over time

  • India
  • Japan
-60.0T-40.0T-20.0T0198020052031

How they compare

Japan currently reports -31.56 trillion against -42.02 trillion in India, a difference of 10.47 trillion.

The two have swapped places 2 times across 44 shared years of data; in 1988 it was Japan ahead.

India ranks 25th and Japan ranks 23rd of 26 countries.

Across the 6 decades both report, India averaged higher in 3 and Japan in 3.

Head to head by decade

Decade India Japan Difference Ahead
1980s -319.99 billion 3.63 trillion 3.95 trillion Japan
1990s -959.76 billion -16.81 trillion 15.85 trillion India
2000s -3.00 trillion -30.26 trillion 27.25 trillion India
2010s -9.59 trillion -29.00 trillion 19.41 trillion India
2020s -27.63 trillion -21.93 trillion 5.70 trillion Japan
2030s -40.52 trillion -29.83 trillion 10.69 trillion Japan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net lending (+) / net borrowing (-), general government, domestic, India or Japan?
Japan, at -31.56 trillion against -42.02 trillion in India as of 2031.
What is the difference in net lending (+) / net borrowing (-), general government, domestic between India and Japan?
10.47 trillion, with Japan ahead.
How many years of comparable data are there for India and Japan?
44 years are reported by both, from 1988 to 2031.
How do India and Japan rank globally for net lending (+) / net borrowing (-), general government, domestic?
India ranks 25th and Japan ranks 23rd of 26 countries.
Where does this data come from?
International Monetary Fund, published as Net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Japan: Net lending (+) / net borrowing (-), General government, Domestic. Statizoid, drawing on International Monetary Fund. Retrieved 06 September 2026, from https://debt.statizoid.com/compare/net-lending-net-borrowing-general-government-domestic-currency-9-26-2025/india/japan/

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About this data

Indicator
Net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
26 places, 1,076 data points, 1980–2031
Last refreshed

The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.