Net lending (+) / net borrowing (-), General government, Domestic in India

India: Net lending (+) / net borrowing (-), General government, Domestic was -42.02 trillion in 2031. ◆ Volatile

Latest (2031)
-42.02 trillion
Change on year
down 7.7%
World rank
25th
of 26 countries
All-time high
-282.84 billion
in 1988
All-time low
-42.02 trillion
in 2031
Years of data
44
1988–2031

Net lending (+) / net borrowing (-), General government, Domestic in India, 1988–2031

-40.0T-30.0T-20.0T-10.0T01988200920311988: -282.8B1989: -357.1B1990: -439.6B1991: -492.5B1992: -600.8B1993: -750.7B1994: -821.7B1995: -821.5B1996: -935.3B1997: -1.3T1998: -1.7T1999: -1.7T2000: -1.8T2001: -2.6T2002: -2.8T2003: -3.2T2004: -2.9T2005: -2.4T2006: -2.2T2007: -1.8T2008: -4.5T2009: -5.9T2010: -6.5T2011: -7.0T2012: -7.3T2013: -7.6T2014: -8.5T2015: -9.9T2016: -11.0T2017: -10.6T2018: -12.0T2019: -15.5T2020: -25.5T2021: -22.3T2022: -24.1T2023: -24.3T2024: -25.0T2025: -25.8T2026: -28.5T2027: -31.1T2028: -33.6T2029: -36.1T2030: -39.0T2031: -42.0T

Source: International Monetary Fund.

Analysis

The most recent figure for net lending (+) / net borrowing (-), general government, domestic in India is -42.02 trillion, measured in 2031. That is the lowest value across all 44 years on record.

The figure is down 7.7% on the previous year and down 88.5% over ten years.

Over the whole period, net lending (+) / net borrowing (-), general government, domestic in India peaked at -282.84 billion in 1988 and was at its lowest, -42.02 trillion, in 2031.

India ranks 25th of 26 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Net lending (+) / net borrowing (-), General government, Domestic in India, year by year

Annual values for Net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025) in India, 1988 to 2031.
Year Value Change
1988 -282.84 billion
1989 -357.14 billion +26.3%
1990 -439.56 billion +23.1%
1991 -492.50 billion +12.0%
1992 -600.82 billion +22.0%
1993 -750.74 billion +25.0%
1994 -821.74 billion +9.5%
1995 -821.53 billion -0.0%
1996 -935.25 billion +13.8%
1997 -1.28 trillion +36.7%
1998 -1.73 trillion +35.0%
1999 -1.73 trillion +0.2%
2000 -1.80 trillion +4.0%
2001 -2.55 trillion +42.0%
2002 -2.76 trillion +8.0%
2003 -3.19 trillion +15.6%
2004 -2.94 trillion -7.9%
2005 -2.41 trillion -17.9%
2006 -2.18 trillion -9.8%
2007 -1.83 trillion -15.9%
2008 -4.49 trillion +145.5%
2009 -5.89 trillion +31.2%
2010 -6.51 trillion +10.5%
2011 -7.01 trillion +7.7%
2012 -7.26 trillion +3.5%
2013 -7.58 trillion +4.5%
2014 -8.54 trillion +12.6%
2015 -9.92 trillion +16.2%
2016 -10.96 trillion +10.4%
2017 -10.64 trillion -2.9%
2018 -11.98 trillion +12.6%
2019 -15.47 trillion +29.1%
2020 -25.54 trillion +65.1%
2021 -22.29 trillion -12.7%
2022 -24.12 trillion +8.2%
2023 -24.27 trillion +0.6%
2024 -24.98 trillion +2.9%
2025 -25.78 trillion +3.2%
2026 -28.51 trillion +10.6%
2027 -31.13 trillion +9.2%
2028 -33.56 trillion +7.8%
2029 -36.10 trillion +7.6%
2030 -39.02 trillion +8.1%
2031 -42.02 trillion +7.7%

Averages by decade

DecadeAverage LowestHighest Years
1980s -319.99 billion -357.14 billion -282.84 billion 2
1990s -959.76 billion -1.73 trillion -439.56 billion 10
2000s -3.00 trillion -5.89 trillion -1.80 trillion 10
2010s -9.59 trillion -15.47 trillion -6.51 trillion 10
2020s -27.63 trillion -36.10 trillion -22.29 trillion 10
2030s -40.52 trillion -42.02 trillion -39.02 trillion 2

Countries ranked near India

  1. 22 Nigeria -19.81 trillion compare
  2. 23 Japan -31.56 trillion compare
  3. 24 Republic of Korea -36.70 trillion compare
  4. 26 Iran -75,190.90 trillion compare

See the full ranking of 26 places →

More external debt data for India

All data for India →

Frequently asked questions

What is net lending (+) / net borrowing (-), general government, domestic in India?
Net lending (+) / net borrowing (-), general government, domestic in India was -42.02 trillion in 2031, according to International Monetary Fund.
What is the highest net lending (+) / net borrowing (-), general government, domestic recorded in India?
The highest recorded value was -282.84 billion in 1988.
What is the lowest net lending (+) / net borrowing (-), general government, domestic recorded in India?
The lowest recorded value was -42.02 trillion in 2031.
How does India rank for net lending (+) / net borrowing (-), general government, domestic?
India ranks 25th out of 26 countries with data for 2031.
Is net lending (+) / net borrowing (-), general government, domestic rising or falling in India?
Over the last ten years it is down 88.5%. The long-run trend across the full record is volatile.
Where does this India data come from?
The figures come from International Monetary Fund, published as part of Net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.

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Net lending (+) / net borrowing (-), General government, Domestic in India. Statizoid, drawing on International Monetary Fund. Retrieved 30 August 2026, from https://debt.statizoid.com/stat/net-lending-net-borrowing-general-government-domestic-currency-9-26-2025/india/

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About this data

Indicator
Net lending (+) / net borrowing (-), General government, Domestic currency (9/26/2025)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
26 places, 1,076 data points, 1980–2031
Last refreshed

The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.