External debt stocks, public and publicly guaranteed (PPG) in India
India: External debt stocks, public and publicly guaranteed (PPG) was 238.95 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
238.95 billion DOD, current US$
Change on year
up 11.2%
World rank
4th
of 123 countries
All-time high
238.95 billion DOD, current US$
in 2024
All-time low
8.04 billion DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, public and publicly guaranteed (PPG) in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, external debt stocks, public and publicly guaranteed (ppg) in India stood at 238.95 billion DOD, current US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 11.2% on the previous year and up 56.7% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) in India peaked at 238.95 billion DOD, current US$ in 2024 and was at its lowest, 8.04 billion DOD, current US$, in 1970.
That places India 4th out of 123 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, public and publicly guaranteed (PPG) in India, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 8.04 billion DOD, current US$ | — |
| 1971 | 8.91 billion DOD, current US$ | +10.8% |
| 1972 | 9.58 billion DOD, current US$ | +7.5% |
| 1973 | 10.37 billion DOD, current US$ | +8.3% |
| 1974 | 11.38 billion DOD, current US$ | +9.7% |
| 1975 | 12.30 billion DOD, current US$ | +8.0% |
| 1976 | 13.32 billion DOD, current US$ | +8.3% |
| 1977 | 14.54 billion DOD, current US$ | +9.1% |
| 1978 | 15.52 billion DOD, current US$ | +6.8% |
| 1979 | 17.16 billion DOD, current US$ | +10.5% |
| 1980 | 18.10 billion DOD, current US$ | +5.5% |
| 1981 | 18.39 billion DOD, current US$ | +1.6% |
| 1982 | 19.99 billion DOD, current US$ | +8.7% |
| 1983 | 21.49 billion DOD, current US$ | +7.5% |
| 1984 | 23.34 billion DOD, current US$ | +8.6% |
| 1985 | 28.42 billion DOD, current US$ | +21.7% |
| 1986 | 34.04 billion DOD, current US$ | +19.8% |
| 1987 | 41.99 billion DOD, current US$ | +23.3% |
| 1988 | 48.78 billion DOD, current US$ | +16.2% |
| 1989 | 63.09 billion DOD, current US$ | +29.3% |
| 1990 | 70.67 billion DOD, current US$ | +12.0% |
| 1991 | 72.64 billion DOD, current US$ | +2.8% |
| 1992 | 75.51 billion DOD, current US$ | +4.0% |
| 1993 | 81.03 billion DOD, current US$ | +7.3% |
| 1994 | 83.17 billion DOD, current US$ | +2.6% |
| 1995 | 79.73 billion DOD, current US$ | -4.1% |
| 1996 | 78.50 billion DOD, current US$ | -1.5% |
| 1997 | 79.13 billion DOD, current US$ | +0.8% |
| 1998 | 85.30 billion DOD, current US$ | +7.8% |
| 1999 | 86.94 billion DOD, current US$ | +1.9% |
| 2000 | 81.20 billion DOD, current US$ | -6.6% |
| 2001 | 78.98 billion DOD, current US$ | -2.7% |
| 2002 | 82.05 billion DOD, current US$ | +3.9% |
| 2003 | 63.67 billion DOD, current US$ | -22.4% |
| 2004 | 64.88 billion DOD, current US$ | +1.9% |
| 2005 | 54.73 billion DOD, current US$ | -15.6% |
| 2006 | 60.04 billion DOD, current US$ | +9.7% |
| 2007 | 69.91 billion DOD, current US$ | +16.4% |
| 2008 | 76.32 billion DOD, current US$ | +9.2% |
| 2009 | 85.29 billion DOD, current US$ | +11.8% |
| 2010 | 100.56 billion DOD, current US$ | +17.9% |
| 2011 | 107.93 billion DOD, current US$ | +7.3% |
| 2012 | 119.89 billion DOD, current US$ | +11.1% |
| 2013 | 121.46 billion DOD, current US$ | +1.3% |
| 2014 | 152.51 billion DOD, current US$ | +25.6% |
| 2015 | 162.31 billion DOD, current US$ | +6.4% |
| 2016 | 153.01 billion DOD, current US$ | -5.7% |
| 2017 | 183.02 billion DOD, current US$ | +19.6% |
| 2018 | 180.54 billion DOD, current US$ | -1.4% |
| 2019 | 192.01 billion DOD, current US$ | +6.4% |
| 2020 | 192.81 billion DOD, current US$ | +0.4% |
| 2021 | 205.28 billion DOD, current US$ | +6.5% |
| 2022 | 205.22 billion DOD, current US$ | -0.0% |
| 2023 | 214.91 billion DOD, current US$ | +4.7% |
| 2024 | 238.95 billion DOD, current US$ | +11.2% |
India compared with similar countries
- India's 238.95 billion DOD, current US$ is above the median for lower middle income countries, which is 9.24 billion DOD, current US$, 25.9× the median. (43 countries reporting)
- India's 238.95 billion DOD, current US$ is above the median for South Asia, which is 24.21 billion DOD, current US$, 9.9× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.11 billion DOD, current US$ | 8.04 billion DOD, current US$ | 17.16 billion DOD, current US$ | 10 |
| 1980s | 31.76 billion DOD, current US$ | 18.10 billion DOD, current US$ | 63.09 billion DOD, current US$ | 10 |
| 1990s | 79.26 billion DOD, current US$ | 70.67 billion DOD, current US$ | 86.94 billion DOD, current US$ | 10 |
| 2000s | 71.71 billion DOD, current US$ | 54.73 billion DOD, current US$ | 85.29 billion DOD, current US$ | 10 |
| 2010s | 147.32 billion DOD, current US$ | 100.56 billion DOD, current US$ | 192.01 billion DOD, current US$ | 10 |
| 2020s | 211.43 billion DOD, current US$ | 192.81 billion DOD, current US$ | 238.95 billion DOD, 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 external debt stocks, public and publicly guaranteed (ppg) in India?
- External debt stocks, public and publicly guaranteed (ppg) in India was 238.95 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) recorded in India?
- The highest recorded value was 238.95 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) recorded in India?
- The lowest recorded value was 8.04 billion DOD, current US$ in 1970.
- How does India rank for external debt stocks, public and publicly guaranteed (ppg)?
- India ranks 4th out of 123 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) rising or falling in India?
- Over the last ten years it is up 56.7%. 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 External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.