Net incurrence of liabilities, total (current LCU) in India
India: Net incurrence of liabilities, total (current LCU) 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.
Net incurrence of liabilities, total (current LCU) in India, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 24.18 billion current LCU | — |
| 1975 | 36.77 billion current LCU | +52.1% |
| 1976 | 32.15 billion current LCU | -12.6% |
| 1977 | 62.11 billion current LCU | +93.2% |
| 1978 | 25.63 billion current LCU | -58.7% |
| 1979 | 65.03 billion current LCU | +153.7% |
| 1980 | 90.40 billion current LCU | +39.0% |
| 1981 | 82.62 billion current LCU | -8.6% |
| 1982 | 144.94 billion current LCU | +75.4% |
| 1983 | 98.39 billion current LCU | -32.1% |
| 1984 | 175.31 billion current LCU | +78.2% |
| 1985 | 222.51 billion current LCU | +26.9% |
| 1986 | 277.95 billion current LCU | +24.9% |
| 1987 | 277.17 billion current LCU | -0.3% |
| 1988 | 326.63 billion current LCU | +17.8% |
| 1989 | 361.79 billion current LCU | +10.8% |
| 1990 | 438.80 billion current LCU | +21.3% |
| 1991 | 358.58 billion current LCU | -18.3% |
| 1992 | 393.70 billion current LCU | +9.8% |
| 1993 | 615.50 billion current LCU | +56.3% |
| 1994 | 555.24 billion current LCU | -9.8% |
| 1995 | 615.01 billion current LCU | +10.8% |
| 1996 | 664.22 billion current LCU | +8.0% |
| 1997 | 751.01 billion current LCU | +13.1% |
| 1998 | 919.60 billion current LCU | +22.4% |
| 1999 | 1.05 trillion current LCU | +14.5% |
| 2000 | 1.15 trillion current LCU | +9.0% |
| 2001 | 1.38 trillion current LCU | +20.7% |
| 2002 | 1.26 trillion current LCU | -8.9% |
| 2003 | 803.30 billion current LCU | -36.3% |
| 2004 | 1.63 trillion current LCU | +103.1% |
| 2005 | 1.55 trillion current LCU | -4.9% |
| 2006 | 1.02 trillion current LCU | -34.0% |
| 2007 | 1.11 trillion current LCU | +8.3% |
| 2008 | 2.55 trillion current LCU | +129.9% |
| 2009 | 3.95 trillion current LCU | +55.0% |
| 2010 | 3.37 trillion current LCU | -14.7% |
| 2011 | 4.95 trillion current LCU | +46.8% |
| 2012 | 4.86 trillion current LCU | -1.9% |
| 2013 | 5.25 trillion current LCU | +8.2% |
| 2014 | 4.80 trillion current LCU | -8.6% |
| 2015 | 5.12 trillion current LCU | +6.7% |
| 2016 | 4.91 trillion current LCU | -4.2% |
| 2017 | 5.85 trillion current LCU | +19.3% |
| 2018 | 5.74 trillion current LCU | -2.0% |
| 2022 | 17.63 trillion current LCU | +207.2% |
India compared with similar countries
- India's 17.63 trillion current LCU is above the median for lower middle income countries, which is 47.21 billion current LCU, 373.3× the median. (34 countries reporting)
- India's 17.63 trillion current LCU is above the median for South Asia, which is 907.86 billion current LCU, 19.4× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) 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 |
|---|---|---|---|
| 2022 | +207.2% | 5.74 trillion current LCU | 17.63 trillion current LCU |
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
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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.
Download this data
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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.