Debt service on external debt, total in India
India: Debt service on external debt, total was 91.62 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
91.62 billion TDS, current US$
Change on year
up 11.2%
World rank
3rd
of 122 countries
All-time high
92.82 billion TDS, current US$
in 2014
All-time low
576.98 million TDS, current US$
in 1971
Years of data
55
1970–2024
Debt service on external debt, total in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
The most recent figure for debt service on external debt, total in India is 91.62 billion TDS, current US$, measured in 2024.
That represents a change of up 11.2% on the previous year and down 1.3% over ten years.
Over the whole period, debt service on external debt, total in India peaked at 92.82 billion TDS, current US$ in 2014 and was at its lowest, 576.98 million TDS, current US$, in 1971.
India ranks 3rd of 122 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total in India, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 1.36 billion TDS, current US$ | — |
| 1971 | 576.98 million TDS, current US$ | -57.6% |
| 1972 | 640.55 million TDS, current US$ | +11.0% |
| 1973 | 694.86 million TDS, current US$ | +8.5% |
| 1974 | 815.56 million TDS, current US$ | +17.4% |
| 1975 | 860.86 million TDS, current US$ | +5.6% |
| 1976 | 1.21 billion TDS, current US$ | +40.1% |
| 1977 | 1.22 billion TDS, current US$ | +1.5% |
| 1978 | 1.31 billion TDS, current US$ | +6.6% |
| 1979 | 1.28 billion TDS, current US$ | -1.8% |
| 1980 | 1.40 billion TDS, current US$ | +9.1% |
| 1981 | 1.55 billion TDS, current US$ | +10.9% |
| 1982 | 1.97 billion TDS, current US$ | +27.3% |
| 1983 | 2.48 billion TDS, current US$ | +25.6% |
| 1984 | 2.87 billion TDS, current US$ | +15.8% |
| 1985 | 3.40 billion TDS, current US$ | +18.5% |
| 1986 | 4.98 billion TDS, current US$ | +46.3% |
| 1987 | 5.24 billion TDS, current US$ | +5.2% |
| 1988 | 5.58 billion TDS, current US$ | +6.5% |
| 1989 | 6.53 billion TDS, current US$ | +17.1% |
| 1990 | 7.69 billion TDS, current US$ | +17.8% |
| 1991 | 7.45 billion TDS, current US$ | -3.2% |
| 1992 | 7.27 billion TDS, current US$ | -2.4% |
| 1993 | 7.93 billion TDS, current US$ | +9.1% |
| 1994 | 10.45 billion TDS, current US$ | +31.8% |
| 1995 | 13.14 billion TDS, current US$ | +25.7% |
| 1996 | 11.71 billion TDS, current US$ | -10.9% |
| 1997 | 12.18 billion TDS, current US$ | +4.0% |
| 1998 | 11.79 billion TDS, current US$ | -3.2% |
| 1999 | 9.93 billion TDS, current US$ | -15.8% |
| 2000 | 10.67 billion TDS, current US$ | +7.4% |
| 2001 | 11.77 billion TDS, current US$ | +10.3% |
| 2002 | 15.44 billion TDS, current US$ | +31.2% |
| 2003 | 25.76 billion TDS, current US$ | +66.8% |
| 2004 | 17.51 billion TDS, current US$ | -32.0% |
| 2005 | 23.92 billion TDS, current US$ | +36.6% |
| 2006 | 17.40 billion TDS, current US$ | -27.3% |
| 2007 | 39.40 billion TDS, current US$ | +126.4% |
| 2008 | 30.97 billion TDS, current US$ | -21.4% |
| 2009 | 16.53 billion TDS, current US$ | -46.6% |
| 2010 | 24.41 billion TDS, current US$ | +47.7% |
| 2011 | 29.28 billion TDS, current US$ | +19.9% |
| 2012 | 30.47 billion TDS, current US$ | +4.0% |
| 2013 | 38.74 billion TDS, current US$ | +27.2% |
| 2014 | 92.82 billion TDS, current US$ | +139.6% |
| 2015 | 49.66 billion TDS, current US$ | -46.5% |
| 2016 | 76.98 billion TDS, current US$ | +55.0% |
| 2017 | 51.22 billion TDS, current US$ | -33.5% |
| 2018 | 63.65 billion TDS, current US$ | +24.3% |
| 2019 | 51.26 billion TDS, current US$ | -19.5% |
| 2020 | 76.37 billion TDS, current US$ | +49.0% |
| 2021 | 52.08 billion TDS, current US$ | -31.8% |
| 2022 | 65.70 billion TDS, current US$ | +26.2% |
| 2023 | 82.42 billion TDS, current US$ | +25.4% |
| 2024 | 91.62 billion TDS, current US$ | +11.2% |
India compared with similar countries
- India's 91.62 billion TDS, current US$ is above the median for lower middle income countries, which is 1.79 billion TDS, current US$, 51.3× the median. (43 countries reporting)
- India's 91.62 billion TDS, current US$ is above the median for South Asia, which is 2.67 billion TDS, current US$, 34.3× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 996.66 million TDS, current US$ | 576.98 million TDS, current US$ | 1.36 billion TDS, current US$ | 10 |
| 1980s | 3.60 billion TDS, current US$ | 1.40 billion TDS, current US$ | 6.53 billion TDS, current US$ | 10 |
| 1990s | 9.95 billion TDS, current US$ | 7.27 billion TDS, current US$ | 13.14 billion TDS, current US$ | 10 |
| 2000s | 20.94 billion TDS, current US$ | 10.67 billion TDS, current US$ | 39.40 billion TDS, current US$ | 10 |
| 2010s | 50.85 billion TDS, current US$ | 24.41 billion TDS, current US$ | 92.82 billion TDS, current US$ | 10 |
| 2020s | 73.64 billion TDS, current US$ | 52.08 billion TDS, current US$ | 91.62 billion TDS, current US$ | 5 |
Countries ranked near India
More external debt data for India
- IFC, private nonguaranteed 1.60 billion NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.1 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 51.04 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA -2.06 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -1.42 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0005 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 1.88 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 3.1% (2024)
Frequently asked questions
- What is debt service on external debt, total in India?
- Debt service on external debt, total in India was 91.62 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in India?
- The highest recorded value was 92.82 billion TDS, current US$ in 2014.
- What is the lowest debt service on external debt, total recorded in India?
- The lowest recorded value was 576.98 million TDS, current US$ in 1971.
- How does India rank for debt service on external debt, total?
- India ranks 3rd out of 122 countries with data for 2024.
- Is debt service on external debt, total rising or falling in India?
- Over the last ten years it is down 1.3%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, total (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.