Net flows on external debt, private nonguaranteed (PNG) in India

India: Net flows on external debt, private nonguaranteed (PNG) was 36.30 billion NFL, current US$ in 2024. ◆ Volatile

Latest (2024)
36.30 billion NFL, current US$
Change on year
up 53.6%
World rank
1st
of 94 countries
All-time high
36.63 billion NFL, current US$
in 2013
All-time low
-15.13 billion NFL, current US$
in 2016
Years of data
55
1970–2024

Net flows on external debt, private nonguaranteed (PNG) in India, 1970–2024

-20.0B020.0B40.0B197019972024

Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.

Analysis

India recorded 36.30 billion NFL, current US$ for net flows on external debt, private nonguaranteed (png) in 2024.

Compared with earlier readings it is up 53.6% on the previous year and up 161.7% over ten years.

Over the whole period, net flows on external debt, private nonguaranteed (png) in India peaked at 36.63 billion NFL, current US$ in 2013 and was at its lowest, -15.13 billion NFL, current US$, in 2016.

India ranks 1st of 94 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 flows on external debt, private nonguaranteed (PNG) in India, year by year

Annual values for Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in India, 1970 to 2024.
Year NFL, current US$ Change
1970 0 NFL, current US$ —
1971 0 NFL, current US$ —
1972 0 NFL, current US$ —
1973 -36.30 million NFL, current US$ —
1974 3.00 million NFL, current US$ -108.3%
1975 51.00 million NFL, current US$ +1600.0%
1976 -1.00 million NFL, current US$ -102.0%
1977 28.00 million NFL, current US$ -2900.0%
1978 -12.00 million NFL, current US$ -142.9%
1979 8.00 million NFL, current US$ -166.7%
1980 194.00 million NFL, current US$ +2325.0%
1981 337.00 million NFL, current US$ +73.7%
1982 136.00 million NFL, current US$ -59.6%
1983 146.00 million NFL, current US$ +7.4%
1984 145.00 million NFL, current US$ -0.7%
1985 140.00 million NFL, current US$ -3.4%
1986 -155.00 million NFL, current US$ -210.7%
1987 58.67 million NFL, current US$ -137.9%
1988 -104.27 million NFL, current US$ -277.7%
1989 -82.00 million NFL, current US$ -21.4%
1990 -104.43 million NFL, current US$ +27.4%
1991 35.80 million NFL, current US$ -134.3%
1992 -52.50 million NFL, current US$ -246.6%
1993 565.01 million NFL, current US$ -1176.2%
1994 743.74 million NFL, current US$ +31.6%
1995 1.02 billion NFL, current US$ +37.5%
1996 544.78 million NFL, current US$ -46.7%
1997 1.59 billion NFL, current US$ +192.5%
1998 208.29 million NFL, current US$ -86.9%
1999 -607.49 million NFL, current US$ -391.7%
2000 51.37 million NFL, current US$ -108.5%
2001 146.02 million NFL, current US$ +184.3%
2002 273.72 million NFL, current US$ +87.5%
2003 7.52 billion NFL, current US$ +2646.9%
2004 2.97 billion NFL, current US$ -60.5%
2005 5.84 billion NFL, current US$ +96.5%
2006 16.45 billion NFL, current US$ +181.8%
2007 25.23 billion NFL, current US$ +53.4%
2008 9.65 billion NFL, current US$ -61.8%
2009 10.60 billion NFL, current US$ +9.8%
2010 5.21 billion NFL, current US$ -50.8%
2011 13.80 billion NFL, current US$ +164.7%
2012 17.64 billion NFL, current US$ +27.8%
2013 36.63 billion NFL, current US$ +107.7%
2014 13.87 billion NFL, current US$ -62.1%
2015 16.23 billion NFL, current US$ +17.0%
2016 -15.13 billion NFL, current US$ -193.2%
2017 12.04 billion NFL, current US$ -179.6%
2018 7.93 billion NFL, current US$ -34.1%
2019 25.55 billion NFL, current US$ +222.3%
2020 6.18 billion NFL, current US$ -75.8%
2021 6.24 billion NFL, current US$ +1.0%
2022 -8.16 billion NFL, current US$ -230.8%
2023 23.63 billion NFL, current US$ -389.5%
2024 36.30 billion NFL, current US$ +53.6%

India compared with similar countries

  • India's 36.30 billion NFL, current US$ is above the median for lower middle income countries, which is -877,000 NFL, current US$. (36 countries reporting)
  • India's 36.30 billion NFL, current US$ is above the median for South Asia, which is -20.73 million NFL, current US$. (6 countries reporting)

Biggest year-on-year movements

Years where Net flows on external debt, private nonguaranteed (PNG) 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.

YearChange FromTo
1977 +2900.0% -1.00 million NFL, current US$ 28.00 million NFL, current US$
2003 +2646.9% 273.72 million NFL, current US$ 7.52 billion NFL, current US$
1980 +2325.0% 8.00 million NFL, current US$ 194.00 million NFL, current US$
1975 +1600.0% 3.00 million NFL, current US$ 51.00 million NFL, current US$
1993 +1176.2% -52.50 million NFL, current US$ 565.01 million NFL, current US$

Averages by decade

DecadeAverage LowestHighest Years
1970s 4.07 million NFL, current US$ -36.30 million NFL, current US$ 51.00 million NFL, current US$ 10
1980s 81.54 million NFL, current US$ -155.00 million NFL, current US$ 337.00 million NFL, current US$ 10
1990s 394.98 million NFL, current US$ -607.49 million NFL, current US$ 1.59 billion NFL, current US$ 10
2000s 7.87 billion NFL, current US$ 51.37 million NFL, current US$ 25.23 billion NFL, current US$ 10
2010s 13.38 billion NFL, current US$ -15.13 billion NFL, current US$ 36.63 billion NFL, current US$ 10
2020s 12.84 billion NFL, current US$ -8.16 billion NFL, current US$ 36.30 billion NFL, current US$ 5

Countries ranked near India

  1. 2 Mexico 6.63 billion NFL, current US$ compare
  2. 3 Colombia 4.64 billion NFL, current US$ compare
  3. 4 Uzbekistan 3.84 billion NFL, current US$ compare

See the full ranking of 106 places →

More external debt data for India

All data for India →

Frequently asked questions

What is net flows on external debt, private nonguaranteed (png) in India?
Net flows on external debt, private nonguaranteed (png) in India was 36.30 billion NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest net flows on external debt, private nonguaranteed (png) recorded in India?
The highest recorded value was 36.63 billion NFL, current US$ in 2013.
What is the lowest net flows on external debt, private nonguaranteed (png) recorded in India?
The lowest recorded value was -15.13 billion NFL, current US$ in 2016.
How does India rank for net flows on external debt, private nonguaranteed (png)?
India ranks 1st out of 94 countries with data for 2024.
Is net flows on external debt, private nonguaranteed (png) rising or falling in India?
Over the last ten years it is up 161.7%. 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 Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid updates them automatically from the source API.

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Net flows on external debt, private nonguaranteed (PNG) in India. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 27 September 2026, from https://debt.statizoid.com/stat/net-flows-on-external-debt-private-nonguaranteed-png-nfl-current-us/india/

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About this data

Indicator
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)
Unit
NFL, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
106 places, 3,652 data points, 1970–2024
Last refreshed

Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.