Interest payments (% of expense) in India
India: Interest payments (% of expense) was 23.2% in 2022. ▲ Rising
Interest payments in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in India is 23.2%, measured in 2022.
The figure is up 19.4% over ten years.
Over the whole period, interest payments in India peaked at 29.6% in 2000 and was at its lowest, 11.2%, in 1975.
That places India 9th out of 152 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Interest payments (% of expense) in India, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 11.3% | — |
| 1975 | 11.2% | -1.3% |
| 1976 | 12.2% | +9.7% |
| 1977 | 12.3% | +0.1% |
| 1978 | 13.2% | +7.4% |
| 1979 | 12.4% | -5.7% |
| 1980 | 13.1% | +5.4% |
| 1981 | 14.1% | +7.3% |
| 1982 | 15.2% | +8.2% |
| 1983 | 16.4% | +7.6% |
| 1984 | 17.0% | +4.1% |
| 1985 | 17.3% | +1.7% |
| 1986 | 17.7% | +2.2% |
| 1987 | 18.8% | +5.9% |
| 1988 | 20.0% | +6.8% |
| 1989 | 21.0% | +4.7% |
| 1990 | 22.4% | +6.6% |
| 1991 | 24.6% | +9.9% |
| 1992 | 25.3% | +2.8% |
| 1993 | 26.0% | +3.0% |
| 1994 | 27.6% | +6.3% |
| 1995 | 27.4% | -0.7% |
| 1996 | 28.1% | +2.5% |
| 1997 | 27.1% | -3.6% |
| 1998 | 28.7% | +5.7% |
| 1999 | 29.5% | +2.9% |
| 2000 | 29.6% | +0.5% |
| 2001 | 29.3% | -1.3% |
| 2002 | 28.7% | -2.0% |
| 2003 | 27.6% | -3.7% |
| 2004 | 25.6% | -7.1% |
| 2005 | 23.4% | -8.8% |
| 2006 | 22.6% | -3.4% |
| 2007 | 22.2% | -1.7% |
| 2008 | 19.7% | -11.1% |
| 2009 | 19.4% | -1.8% |
| 2010 | 18.3% | -5.6% |
| 2011 | 18.2% | -0.5% |
| 2012 | 19.5% | +6.9% |
| 2013 | 19.5% | +0.2% |
| 2014 | 21.2% | +9.0% |
| 2015 | 20.7% | -2.5% |
| 2016 | 20.4% | -1.6% |
| 2017 | 19.8% | -2.7% |
| 2018 | 19.4% | -2.2% |
| 2022 | 23.2% | +19.7% |
India compared with similar countries
- India's 23.2% is above the median for lower middle income countries, which is 10.0%, 2.3× the median. (36 countries reporting)
- India's 23.2% is above the median for South Asia, which is 16.0%, 1.4× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.1% | 11.2% | 13.2% | 6 |
| 1980s | 17.1% | 13.1% | 21.0% | 10 |
| 1990s | 26.7% | 22.4% | 29.5% | 10 |
| 2000s | 24.8% | 19.4% | 29.6% | 10 |
| 2010s | 19.7% | 18.2% | 21.2% | 9 |
| 2020s | 23.2% | 23.2% | 23.2% | 1 |
Countries ranked near India
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Frequently asked questions
- What is interest payments in India?
- Interest payments in India was 23.2% 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 29.6% in 2000.
- What is the lowest interest payments recorded in India?
- The lowest recorded value was 11.2% in 1975.
- How does India rank for interest payments?
- India ranks 9th out of 152 countries with data for 2022.
- Is interest payments rising or falling in India?
- Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.