India vs Japan: Primary net lending (+) / net borrowing (-), General government
India
-9.71 trillion
in 2031
Japan
-18.03 trillion
in 2031
India rank
21st
Japan rank
22nd
Primary net lending (+) / net borrowing (-), General government over time
- India
- Japan
How they compare
India currently reports -9.71 trillion against -18.03 trillion in Japan, a difference of 8.31 trillion.
The two have swapped places 3 times across 43 shared years of data; in 1989 it was Japan ahead.
India ranks 21st and Japan ranks 22nd of 24 countries.
Across the 6 decades both report, India averaged higher in 5 and Japan in 1.
Head to head by decade
| Decade | India | Japan | Difference | Ahead |
|---|---|---|---|---|
| 1980s | -236.97 billion | 11.41 trillion | 11.65 trillion | Japan |
| 1990s | -555.54 billion | -10.76 trillion | 10.20 trillion | India |
| 2000s | -1.20 trillion | -24.84 trillion | 23.64 trillion | India |
| 2010s | -3.42 trillion | -23.64 trillion | 20.21 trillion | India |
| 2020s | -9.27 trillion | -18.34 trillion | 9.07 trillion | India |
| 2030s | -9.42 trillion | -17.40 trillion | 7.98 trillion | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher primary net lending (+) / net borrowing (-), general government, India or Japan?
- India, at -9.71 trillion against -18.03 trillion in Japan as of 2031.
- What is the difference in primary net lending (+) / net borrowing (-), general government between India and Japan?
- 8.31 trillion, with India ahead.
- How many years of comparable data are there for India and Japan?
- 43 years are reported by both, from 1989 to 2031.
- How do India and Japan rank globally for primary net lending (+) / net borrowing (-), general government?
- India ranks 21st and Japan ranks 22nd of 24 countries.
- Where does this data come from?
- International Monetary Fund, published as Primary 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.
Individual pages
About this data
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.