Use of IMF credit in India
India: Use of IMF credit was 21.58 billion DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
The most recent figure for use of imf credit in India is 21.58 billion DOD, current US$, measured in 2024.
The figure is down 2.8% on the previous year and up 274.4% over ten years.
Over the whole period, use of imf credit in India peaked at 23.16 billion DOD, current US$ in 2021 and was at its lowest, 0 DOD, current US$, in 1970.
India ranks 4th of 123 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in India, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 0 DOD, current US$ | — |
| 1971 | 0 DOD, current US$ | — |
| 1972 | 0 DOD, current US$ | — |
| 1973 | 74.80 million DOD, current US$ | — |
| 1974 | 608.51 million DOD, current US$ | +713.6% |
| 1975 | 817.52 million DOD, current US$ | +34.3% |
| 1976 | 472.06 million DOD, current US$ | -42.3% |
| 1977 | 151.96 million DOD, current US$ | -67.8% |
| 1978 | 0 DOD, current US$ | -100.0% |
| 1979 | 0 DOD, current US$ | — |
| 1980 | 1.01 billion DOD, current US$ | — |
| 1981 | 1.62 billion DOD, current US$ | +60.1% |
| 1982 | 3.52 billion DOD, current US$ | +117.1% |
| 1983 | 4.64 billion DOD, current US$ | +31.6% |
| 1984 | 4.41 billion DOD, current US$ | -5.0% |
| 1985 | 4.66 billion DOD, current US$ | +5.8% |
| 1986 | 4.54 billion DOD, current US$ | -2.7% |
| 1987 | 4.11 billion DOD, current US$ | -9.3% |
| 1988 | 2.68 billion DOD, current US$ | -34.9% |
| 1989 | 1.58 billion DOD, current US$ | -40.9% |
| 1990 | 2.77 billion DOD, current US$ | +75.2% |
| 1991 | 3.60 billion DOD, current US$ | +29.8% |
| 1992 | 4.72 billion DOD, current US$ | +31.2% |
| 1993 | 4.90 billion DOD, current US$ | +3.8% |
| 1994 | 4.03 billion DOD, current US$ | -17.7% |
| 1995 | 2.42 billion DOD, current US$ | -40.1% |
| 1996 | 1.36 billion DOD, current US$ | -43.6% |
| 1997 | 671.08 million DOD, current US$ | -50.7% |
| 1998 | 298.15 million DOD, current US$ | -55.6% |
| 1999 | 961.33 million DOD, current US$ | +222.4% |
| 2000 | 887.50 million DOD, current US$ | -7.7% |
| 2001 | 856.05 million DOD, current US$ | -3.5% |
| 2002 | 926.06 million DOD, current US$ | +8.2% |
| 2003 | 1.01 billion DOD, current US$ | +9.3% |
| 2004 | 1.06 billion DOD, current US$ | +4.5% |
| 2005 | 973.58 million DOD, current US$ | -8.0% |
| 2006 | 1.02 billion DOD, current US$ | +5.3% |
| 2007 | 1.08 billion DOD, current US$ | +5.0% |
| 2008 | 1.05 billion DOD, current US$ | -2.5% |
| 2009 | 6.24 billion DOD, current US$ | +494.4% |
| 2010 | 6.13 billion DOD, current US$ | -1.8% |
| 2011 | 6.11 billion DOD, current US$ | -0.3% |
| 2012 | 6.11 billion DOD, current US$ | +0.1% |
| 2013 | 6.13 billion DOD, current US$ | +0.2% |
| 2014 | 5.76 billion DOD, current US$ | -5.9% |
| 2015 | 5.51 billion DOD, current US$ | -4.4% |
| 2016 | 5.35 billion DOD, current US$ | -3.0% |
| 2017 | 5.67 billion DOD, current US$ | +5.9% |
| 2018 | 5.53 billion DOD, current US$ | -2.3% |
| 2019 | 5.50 billion DOD, current US$ | -0.6% |
| 2020 | 5.73 billion DOD, current US$ | +4.2% |
| 2021 | 23.16 billion DOD, current US$ | +304.2% |
| 2022 | 22.02 billion DOD, current US$ | -4.9% |
| 2023 | 22.20 billion DOD, current US$ | +0.8% |
| 2024 | 21.58 billion DOD, current US$ | -2.8% |
India compared with similar countries
- India's 21.58 billion DOD, current US$ is above the median for lower middle income countries, which is 1.04 billion DOD, current US$, 20.7× the median. (43 countries reporting)
- India's 21.58 billion DOD, current US$ is above the median for South Asia, which is 1.82 billion DOD, current US$, 11.8× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +713.6% | 74.80 million DOD, current US$ | 608.51 million DOD, current US$ |
| 2009 | +494.4% | 1.05 billion DOD, current US$ | 6.24 billion DOD, current US$ |
| 2021 | +304.2% | 5.73 billion DOD, current US$ | 23.16 billion DOD, current US$ |
| 1999 | +222.4% | 298.15 million DOD, current US$ | 961.33 million DOD, current US$ |
| 1982 | +117.1% | 1.62 billion DOD, current US$ | 3.52 billion DOD, current US$ |
| 1978 | -100.0% | 151.96 million DOD, current US$ | 0 DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 212.49 million DOD, current US$ | 0 DOD, current US$ | 817.52 million DOD, current US$ | 10 |
| 1980s | 3.28 billion DOD, current US$ | 1.01 billion DOD, current US$ | 4.66 billion DOD, current US$ | 10 |
| 1990s | 2.57 billion DOD, current US$ | 298.15 million DOD, current US$ | 4.90 billion DOD, current US$ | 10 |
| 2000s | 1.51 billion DOD, current US$ | 856.05 million DOD, current US$ | 6.24 billion DOD, current US$ | 10 |
| 2010s | 5.78 billion DOD, current US$ | 5.35 billion DOD, current US$ | 6.13 billion DOD, current US$ | 10 |
| 2020s | 18.94 billion DOD, current US$ | 5.73 billion DOD, current US$ | 23.16 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 use of imf credit in India?
- Use of imf credit in India was 21.58 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in India?
- The highest recorded value was 23.16 billion DOD, current US$ in 2021.
- What is the lowest use of imf credit recorded in India?
- The lowest recorded value was 0 DOD, current US$ in 1970.
- How does India rank for use of imf credit?
- India ranks 4th out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in India?
- Over the last ten years it is up 274.4%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.