Net financial flows, RDB nonconcessional (NFL, current US$) in India
India: Net financial flows, RDB nonconcessional (NFL, current US$) was 437.99 million NFL, current US$ in 2025. ◆ Volatile
Net financial flows, RDB nonconcessional in India, 1987–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
In 2025, net financial flows, rdb nonconcessional in India stood at 437.99 million NFL, current US$.
The figure is down 58.6% on the previous year and down 44.1% over ten years.
Over the whole period, net financial flows, rdb nonconcessional in India peaked at 2.55 billion NFL, current US$ in 2022 and was at its lowest, -1.34 billion NFL, current US$, in 2002.
India ranks 8th of 102 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, RDB nonconcessional (NFL, current US$) in India, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1987 | 11.58 million NFL, current US$ | — |
| 1988 | 78.20 million NFL, current US$ | +575.3% |
| 1989 | 59.61 million NFL, current US$ | -23.8% |
| 1990 | 187.90 million NFL, current US$ | +215.2% |
| 1991 | 542.56 million NFL, current US$ | +188.7% |
| 1992 | 347.38 million NFL, current US$ | -36.0% |
| 1993 | 147.63 million NFL, current US$ | -57.5% |
| 1994 | 448.85 million NFL, current US$ | +204.0% |
| 1995 | 250.40 million NFL, current US$ | -44.2% |
| 1996 | 502.36 million NFL, current US$ | +100.6% |
| 1997 | 473.16 million NFL, current US$ | -5.8% |
| 1998 | 488.56 million NFL, current US$ | +3.3% |
| 1999 | 359.44 million NFL, current US$ | -26.4% |
| 2000 | 228.26 million NFL, current US$ | -36.5% |
| 2001 | 159.71 million NFL, current US$ | -30.0% |
| 2002 | -1.34 billion NFL, current US$ | -940.1% |
| 2003 | -1.01 billion NFL, current US$ | -24.7% |
| 2004 | -864.94 million NFL, current US$ | -14.4% |
| 2005 | 545.34 million NFL, current US$ | -163.0% |
| 2006 | 496.28 million NFL, current US$ | -9.0% |
| 2007 | 1.25 billion NFL, current US$ | +151.2% |
| 2008 | 1.35 billion NFL, current US$ | +8.3% |
| 2009 | 1.15 billion NFL, current US$ | -15.0% |
| 2010 | 1.44 billion NFL, current US$ | +25.5% |
| 2011 | 1.12 billion NFL, current US$ | -22.3% |
| 2012 | 891.08 million NFL, current US$ | -20.4% |
| 2013 | 519.38 million NFL, current US$ | -41.7% |
| 2014 | 883.63 million NFL, current US$ | +70.1% |
| 2015 | 783.04 million NFL, current US$ | -11.4% |
| 2016 | 699.39 million NFL, current US$ | -10.7% |
| 2017 | 1.20 billion NFL, current US$ | +72.0% |
| 2018 | 1.40 billion NFL, current US$ | +16.5% |
| 2019 | 1.24 billion NFL, current US$ | -11.6% |
| 2020 | 2.05 billion NFL, current US$ | +65.2% |
| 2021 | 737.55 million NFL, current US$ | -64.0% |
| 2022 | 2.55 billion NFL, current US$ | +245.8% |
| 2023 | 1.24 billion NFL, current US$ | -51.4% |
| 2024 | 1.06 billion NFL, current US$ | -14.6% |
| 2025 | 437.99 million NFL, current US$ | -58.6% |
India compared with similar countries
- India's 437.99 million NFL, current US$ is above the median for lower middle income countries, which is 20.02 million NFL, current US$, 21.9× the median. (36 countries reporting)
- India's 437.99 million NFL, current US$ is above the median for South Asia, which is 151.75 million NFL, current US$, 2.9× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, RDB nonconcessional (NFL, current US$) in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -940.1% | 159.71 million NFL, current US$ | -1.34 billion NFL, current US$ |
| 1988 | +575.3% | 11.58 million NFL, current US$ | 78.20 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 49.80 million NFL, current US$ | 11.58 million NFL, current US$ | 78.20 million NFL, current US$ | 3 |
| 1990s | 374.82 million NFL, current US$ | 147.63 million NFL, current US$ | 542.56 million NFL, current US$ | 10 |
| 2000s | 195.69 million NFL, current US$ | -1.34 billion NFL, current US$ | 1.35 billion NFL, current US$ | 10 |
| 2010s | 1.02 billion NFL, current US$ | 519.38 million NFL, current US$ | 1.44 billion NFL, current US$ | 10 |
| 2020s | 1.35 billion NFL, current US$ | 437.99 million NFL, current US$ | 2.55 billion NFL, current US$ | 6 |
Countries ranked near India
- 5 Morocco 812.68 million NFL, current US$ compare
- 6 Bangladesh 565.78 million NFL, current US$ compare
- 7 El Salvador 533.77 million NFL, current US$ compare
- 9 Indonesia 433.07 million NFL, current US$ compare
- 10 Guyana 411.94 million NFL, current US$ compare
- 11 Pakistan 366.15 million NFL, current US$ compare
More external debt data for India
- Net financial flows, IBRD -778.70 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre -611.93 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 22.66 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 252.90 billion DOD, current US$ (2025)
- External debt stocks, long-term 590.08 billion DOD, current US$ (2025)
Frequently asked questions
- What is net financial flows, rdb nonconcessional in India?
- Net financial flows, rdb nonconcessional in India was 437.99 million NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest net financial flows, rdb nonconcessional recorded in India?
- The highest recorded value was 2.55 billion NFL, current US$ in 2022.
- What is the lowest net financial flows, rdb nonconcessional recorded in India?
- The lowest recorded value was -1.34 billion NFL, current US$ in 2002.
- How does India rank for net financial flows, rdb nonconcessional?
- India ranks 8th out of 102 countries with data for 2025.
- Is net financial flows, rdb nonconcessional rising or falling in India?
- Over the last ten years it is down 44.1%. 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 Net financial flows, RDB nonconcessional (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.