Public and publicly guaranteed debt service in India
India: Public and publicly guaranteed debt service was 0.7% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, public and publicly guaranteed debt service in India stood at 0.7%.
Compared with earlier readings it is up 12.5% on the previous year and up 7.8% over ten years.
Over the whole period, public and publicly guaranteed debt service in India peaked at 3.0% in 2003 and was at its lowest, 0.4%, in 2010.
That places India 104th out of 123 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.
Public and publicly guaranteed debt service in India, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.8% | — |
| 1971 | 0.8% | -55.0% |
| 1972 | 0.9% | +5.2% |
| 1973 | 0.8% | -11.3% |
| 1974 | 0.7% | -3.8% |
| 1975 | 0.8% | +6.2% |
| 1976 | 0.7% | -4.6% |
| 1977 | 0.7% | -10.9% |
| 1978 | 0.7% | +5.0% |
| 1979 | 0.7% | -4.6% |
| 1980 | 0.6% | -8.6% |
| 1981 | 0.6% | -0.3% |
| 1982 | 0.6% | +4.3% |
| 1983 | 0.7% | +8.2% |
| 1984 | 0.7% | +6.1% |
| 1985 | 0.8% | +17.4% |
| 1986 | 1.2% | +45.3% |
| 1987 | 1.1% | -11.4% |
| 1988 | 1.1% | +2.4% |
| 1989 | 1.5% | +31.9% |
| 1990 | 1.7% | +17.9% |
| 1991 | 2.1% | +20.4% |
| 1992 | 2.1% | -1.5% |
| 1993 | 2.4% | +15.2% |
| 1994 | 2.6% | +7.8% |
| 1995 | 2.9% | +11.7% |
| 1996 | 2.5% | -12.6% |
| 1997 | 2.6% | +4.1% |
| 1998 | 2.5% | -5.1% |
| 1999 | 1.8% | -28.6% |
| 2000 | 2.1% | +17.1% |
| 2001 | 1.7% | -15.4% |
| 2002 | 2.3% | +33.2% |
| 2003 | 3.0% | +28.9% |
| 2004 | 1.3% | -55.8% |
| 2005 | 1.9% | +44.1% |
| 2006 | 0.7% | -65.7% |
| 2007 | 0.8% | +30.2% |
| 2008 | 1.3% | +47.9% |
| 2009 | 0.5% | -60.3% |
| 2010 | 0.4% | -24.7% |
| 2011 | 0.4% | +18.3% |
| 2012 | 0.4% | -5.0% |
| 2013 | 0.6% | +39.8% |
| 2014 | 0.7% | +13.3% |
| 2015 | 0.7% | -1.8% |
| 2016 | 1.0% | +51.3% |
| 2017 | 0.5% | -45.9% |
| 2018 | 0.9% | +64.0% |
| 2019 | 0.6% | -33.5% |
| 2020 | 1.0% | +67.7% |
| 2021 | 0.5% | -47.4% |
| 2022 | 0.5% | +6.2% |
| 2023 | 0.6% | +16.6% |
| 2024 | 0.7% | +12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.7% | 1.8% | 10 |
| 1980s | 0.9% | 0.6% | 1.5% | 10 |
| 1990s | 2.3% | 1.7% | 2.9% | 10 |
| 2000s | 1.6% | 0.5% | 3.0% | 10 |
| 2010s | 0.6% | 0.4% | 1.0% | 10 |
| 2020s | 0.7% | 0.5% | 1.0% | 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre -611.93 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in India?
- Public and publicly guaranteed debt service in India was 0.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in India?
- The highest recorded value was 3.0% in 2003.
- What is the lowest public and publicly guaranteed debt service recorded in India?
- The lowest recorded value was 0.4% in 2010.
- How does India rank for public and publicly guaranteed debt service?
- India ranks 104th out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in India?
- Over the last ten years it is up 7.8%. 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 Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.