Debt service (PPG and IMF only, % of exports of goods, services and) in India
India: Debt service (PPG and IMF only, % of exports of goods, services and) was 3.2% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in India, 1975–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
India recorded 3.2% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
The figure is up 11.7% on the previous year and up 16.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in India peaked at 30.5% in 1995 and was at its lowest, 1.7%, in 2012.
That places India 100th out of 118 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in India, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 13.9% | — |
| 1976 | 16.9% | +21.6% |
| 1977 | 14.6% | -13.6% |
| 1978 | 14.2% | -2.6% |
| 1979 | 10.7% | -24.8% |
| 1980 | 9.3% | -13.3% |
| 1981 | 10.1% | +8.9% |
| 1982 | 11.0% | +8.8% |
| 1983 | 13.5% | +22.9% |
| 1984 | 14.7% | +8.6% |
| 1985 | 19.1% | +30.5% |
| 1986 | 28.5% | +48.8% |
| 1987 | 27.8% | -2.2% |
| 1988 | 26.7% | -4.1% |
| 1989 | 26.5% | -0.7% |
| 1990 | 27.2% | +2.4% |
| 1991 | 26.8% | -1.5% |
| 1992 | 25.4% | -4.9% |
| 1993 | 25.2% | -0.9% |
| 1994 | 29.7% | +18.0% |
| 1995 | 30.5% | +2.8% |
| 1996 | 25.4% | -16.8% |
| 1997 | 24.5% | -3.4% |
| 1998 | 22.5% | -8.4% |
| 1999 | 15.6% | -30.7% |
| 2000 | 15.4% | -1.4% |
| 2001 | 12.8% | -16.8% |
| 2002 | 16.1% | +25.9% |
| 2003 | 20.4% | +27.0% |
| 2004 | 7.7% | -62.2% |
| 2005 | 9.7% | +25.5% |
| 2006 | 3.0% | -68.6% |
| 2007 | 4.1% | +34.4% |
| 2008 | 4.7% | +14.3% |
| 2009 | 2.4% | -48.0% |
| 2010 | 1.7% | -28.2% |
| 2011 | 1.8% | +0.9% |
| 2012 | 1.7% | -4.5% |
| 2013 | 2.3% | +34.4% |
| 2014 | 2.7% | +19.8% |
| 2015 | 3.1% | +13.9% |
| 2016 | 5.1% | +64.1% |
| 2017 | 2.8% | -45.0% |
| 2018 | 4.2% | +52.1% |
| 2019 | 2.9% | -31.3% |
| 2020 | 5.1% | +76.4% |
| 2021 | 2.4% | -52.6% |
| 2022 | 2.3% | -7.4% |
| 2023 | 2.8% | +25.7% |
| 2024 | 3.2% | +11.7% |
India compared with similar countries
- India's 3.2% is below the median for lower middle income countries, which is 8.4%, 37% of the median. (43 countries reporting)
- India's 3.2% is below the median for South Asia, which is 9.9%, 32% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.1% | 10.7% | 16.9% | 5 |
| 1980s | 18.7% | 9.3% | 28.5% | 10 |
| 1990s | 25.3% | 15.6% | 30.5% | 10 |
| 2000s | 9.6% | 2.4% | 20.4% | 10 |
| 2010s | 2.8% | 1.7% | 5.1% | 10 |
| 2020s | 3.2% | 2.3% | 5.1% | 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 (ppg and imf only, % of exports of goods, services and) in India?
- Debt service (ppg and imf only, % of exports of goods, services and) in India was 3.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in India?
- The highest recorded value was 30.5% in 1995.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in India?
- The lowest recorded value was 1.7% in 2012.
- How does India rank for debt service (ppg and imf only, % of exports of goods, services and)?
- India ranks 100th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in India?
- Over the last ten years it is up 16.8%. 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 (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.