Net incurrence of liabilities, total in India
India: Net incurrence of liabilities, total was 17.63 trillion current LCU in 2022. ◆ Volatile
Net incurrence of liabilities, total 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 net incurrence of liabilities, total in India is 17.63 trillion current LCU, measured in 2022. That is the highest value across all 46 years on record.
That represents a change of up 262.9% over ten years.
Over the whole period, net incurrence of liabilities, total in India peaked at 17.63 trillion current LCU in 2022 and was at its lowest, 24.18 billion current LCU, in 1974.
India ranks 7th of 136 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.98 billion current LCU | 24.18 billion current LCU | 65.03 billion current LCU | 6 |
| 1980s | 205.77 billion current LCU | 82.62 billion current LCU | 361.79 billion current LCU | 10 |
| 1990s | 636.45 billion current LCU | 358.58 billion current LCU | 1.05 trillion current LCU | 10 |
| 2000s | 1.64 trillion current LCU | 803.30 billion current LCU | 3.95 trillion current LCU | 10 |
| 2010s | 4.98 trillion current LCU | 3.37 trillion current LCU | 5.85 trillion current LCU | 9 |
| 2020s | 17.63 trillion current LCU | 17.63 trillion current LCU | 17.63 trillion current LCU | 1 |
Countries ranked near India
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Tax revenue 6.9% (2022)
- Taxes on income, profits and capital gains 34.8% (2022)
- Taxes on goods and services 32.6% (2022)
- Net investment in nonfinancial assets 0.9% (2022)
- Net lending (+) / net borrowing (-) -5.3% (2022)
- Interest payments 34.0% (2022)
- Grants and other revenue 26.0% (2022)
- Interest payments 23.2% (2022)
- Other taxes 1.0% (2022)
Frequently asked questions
- What is net incurrence of liabilities, total in India?
- Net incurrence of liabilities, total in India was 17.63 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in India?
- The highest recorded value was 17.63 trillion current LCU in 2022.
- What is the lowest net incurrence of liabilities, total recorded in India?
- The lowest recorded value was 24.18 billion current LCU in 1974.
- How does India rank for net incurrence of liabilities, total?
- India ranks 7th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in India?
- Over the last ten years it is up 262.9%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.