Interest payments in India
India: Interest payments was 8.33 trillion current LCU in 2022. ◆ Volatile
Interest payments in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in India is 8.33 trillion current LCU, measured in 2022. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 166.2% over ten years.
Over the whole period, interest payments in India peaked at 8.33 trillion current LCU in 2022 and was at its lowest, 7.84 billion current LCU, in 1974.
India ranks 6th of 155 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in India, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 7.84 billion current LCU | — |
| 1975 | 9.62 billion current LCU | +22.7% |
| 1976 | 11.95 billion current LCU | +24.2% |
| 1977 | 13.40 billion current LCU | +12.1% |
| 1978 | 16.72 billion current LCU | +24.8% |
| 1979 | 18.90 billion current LCU | +13.0% |
| 1980 | 22.54 billion current LCU | +19.3% |
| 1981 | 27.63 billion current LCU | +22.6% |
| 1982 | 35.16 billion current LCU | +27.3% |
| 1983 | 44.50 billion current LCU | +26.6% |
| 1984 | 56.46 billion current LCU | +26.9% |
| 1985 | 70.90 billion current LCU | +25.6% |
| 1986 | 86.48 billion current LCU | +22.0% |
| 1987 | 107.02 billion current LCU | +23.8% |
| 1988 | 133.47 billion current LCU | +24.7% |
| 1989 | 165.25 billion current LCU | +23.8% |
| 1990 | 199.48 billion current LCU | +20.7% |
| 1991 | 249.55 billion current LCU | +25.1% |
| 1992 | 290.55 billion current LCU | +16.4% |
| 1993 | 344.90 billion current LCU | +18.7% |
| 1994 | 414.55 billion current LCU | +20.2% |
| 1995 | 471.28 billion current LCU | +13.7% |
| 1996 | 552.65 billion current LCU | +17.3% |
| 1997 | 612.18 billion current LCU | +10.8% |
| 1998 | 732.28 billion current LCU | +19.6% |
| 1999 | 868.75 billion current LCU | +18.6% |
| 2000 | 977.69 billion current LCU | +12.5% |
| 2001 | 1.05 trillion current LCU | +7.8% |
| 2002 | 1.15 trillion current LCU | +9.0% |
| 2003 | 1.20 trillion current LCU | +4.6% |
| 2004 | 1.24 trillion current LCU | +2.9% |
| 2005 | 1.29 trillion current LCU | +4.2% |
| 2006 | 1.46 trillion current LCU | +13.2% |
| 2007 | 1.66 trillion current LCU | +13.7% |
| 2008 | 1.87 trillion current LCU | +13.0% |
| 2009 | 2.08 trillion current LCU | +10.9% |
| 2010 | 2.30 trillion current LCU | +10.8% |
| 2011 | 2.30 trillion current LCU | +0.0% |
| 2012 | 3.13 trillion current LCU | +35.8% |
| 2013 | 3.64 trillion current LCU | +16.4% |
| 2014 | 3.92 trillion current LCU | +7.6% |
| 2015 | 4.32 trillion current LCU | +10.1% |
| 2016 | 4.79 trillion current LCU | +11.1% |
| 2017 | 5.29 trillion current LCU | +10.4% |
| 2018 | 5.74 trillion current LCU | +8.5% |
| 2022 | 8.33 trillion current LCU | +45.0% |
India compared with similar countries
- India's 8.33 trillion current LCU is above the median for lower middle income countries, which is 39.26 billion current LCU, 212.1× the median. (36 countries reporting)
- India's 8.33 trillion current LCU is above the median for South Asia, which is 389.60 billion current LCU, 21.4× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.07 billion current LCU | 7.84 billion current LCU | 18.90 billion current LCU | 6 |
| 1980s | 74.94 billion current LCU | 22.54 billion current LCU | 165.25 billion current LCU | 10 |
| 1990s | 473.62 billion current LCU | 199.48 billion current LCU | 868.75 billion current LCU | 10 |
| 2000s | 1.40 trillion current LCU | 977.69 billion current LCU | 2.08 trillion current LCU | 10 |
| 2010s | 3.94 trillion current LCU | 2.30 trillion current LCU | 5.74 trillion current LCU | 9 |
| 2020s | 8.33 trillion current LCU | 8.33 trillion current LCU | 8.33 trillion current LCU | 1 |
Countries ranked near India
More public sector data for India
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in India?
- Interest payments in India was 8.33 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in India?
- The highest recorded value was 8.33 trillion current LCU in 2022.
- What is the lowest interest payments recorded in India?
- The lowest recorded value was 7.84 billion current LCU in 1974.
- How does India rank for interest payments?
- India ranks 6th out of 155 countries with data for 2022.
- Is interest payments rising or falling in India?
- Over the last ten years it is up 166.2%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.