Interest payments in India
India: Interest payments was 34.0% in 2022. ▲ Rising
Interest payments in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2022, interest payments in India stood at 34.0%.
That represents a change of up 36.4% over ten years.
Over the whole period, interest payments in India peaked at 40.9% in 2001 and was at its lowest, 10.3%, in 1975.
India ranks 3rd of 155 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Interest payments in India, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1974 | 10.3% | — |
| 1975 | 10.3% | -0.6% |
| 1976 | 11.5% | +11.6% |
| 1977 | 11.6% | +1.1% |
| 1978 | 12.8% | +10.2% |
| 1979 | 12.9% | +1.2% |
| 1980 | 13.8% | +6.6% |
| 1981 | 14.1% | +2.1% |
| 1982 | 15.6% | +10.6% |
| 1983 | 17.5% | +12.2% |
| 1984 | 19.0% | +8.9% |
| 1985 | 19.6% | +3.2% |
| 1986 | 20.6% | +4.9% |
| 1987 | 22.4% | +8.8% |
| 1988 | 23.9% | +6.9% |
| 1989 | 24.5% | +2.2% |
| 1990 | 27.6% | +13.0% |
| 1991 | 28.9% | +4.6% |
| 1992 | 29.5% | +2.0% |
| 1993 | 34.0% | +15.2% |
| 1994 | 33.6% | -1.0% |
| 1995 | 31.9% | -5.2% |
| 1996 | 32.2% | +0.8% |
| 1997 | 32.9% | +2.5% |
| 1998 | 37.4% | +13.5% |
| 1999 | 37.2% | -0.7% |
| 2000 | 38.9% | +4.7% |
| 2001 | 40.9% | +5.2% |
| 2002 | 39.5% | -3.6% |
| 2003 | 36.1% | -8.6% |
| 2004 | 31.9% | -11.5% |
| 2005 | 28.6% | -10.5% |
| 2006 | 25.6% | -10.3% |
| 2007 | 23.4% | -8.8% |
| 2008 | 26.5% | +13.6% |
| 2009 | 28.5% | +7.3% |
| 2010 | 22.8% | -19.8% |
| 2011 | 22.9% | +0.2% |
| 2012 | 24.9% | +8.9% |
| 2013 | 25.7% | +3.1% |
| 2014 | 27.2% | +5.8% |
| 2015 | 25.2% | -7.3% |
| 2016 | 24.2% | -4.0% |
| 2017 | 24.3% | +0.3% |
| 2018 | 23.0% | -5.3% |
| 2022 | 34.0% | +47.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.6% | 10.3% | 12.9% | 6 |
| 1980s | 19.1% | 13.8% | 24.5% | 10 |
| 1990s | 32.5% | 27.6% | 37.4% | 10 |
| 2000s | 32.0% | 23.4% | 40.9% | 10 |
| 2010s | 24.5% | 22.8% | 27.2% | 9 |
| 2020s | 34.0% | 34.0% | 34.0% | 1 |
Countries ranked near India
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.805 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -21.66 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 59.36 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0229 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.66 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 86.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 501.48 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in India?
- Interest payments in India was 34.0% 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 40.9% in 2001.
- What is the lowest interest payments recorded in India?
- The lowest recorded value was 10.3% in 1975.
- How does India rank for interest payments?
- India ranks 3rd out of 155 countries with data for 2022.
- Is interest payments rising or falling in India?
- Over the last ten years it is up 36.4%. 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.