Net lending (+) / net borrowing (-) in India
India: Net lending (+) / net borrowing (-) was -13.74 trillion current LCU in 2022. ◆ Volatile
Net lending (+) / net borrowing (-) in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, net lending (+) / net borrowing (-) in India stood at -13.74 trillion current LCU. That is the lowest value across all 46 years on record.
That represents a change of down 267.0% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in India peaked at 1.92 billion current LCU in 1977 and was at its lowest, -13.74 trillion current LCU, in 2022.
That places India 152nd out of 156 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in India, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | -680.00 million current LCU | — |
| 1975 | 1.28 billion current LCU | -288.2% |
| 1976 | 1.18 billion current LCU | -7.8% |
| 1977 | 1.92 billion current LCU | +62.7% |
| 1978 | -1.21 billion current LCU | -163.0% |
| 1979 | -11.21 billion current LCU | +826.4% |
| 1980 | -14.76 billion current LCU | +31.7% |
| 1981 | -8.67 billion current LCU | -41.3% |
| 1982 | -15.20 billion current LCU | +75.3% |
| 1983 | -28.76 billion current LCU | +89.2% |
| 1984 | -50.47 billion current LCU | +75.5% |
| 1985 | -64.66 billion current LCU | +28.1% |
| 1986 | -93.01 billion current LCU | +43.8% |
| 1987 | -111.39 billion current LCU | +19.8% |
| 1988 | -131.56 billion current LCU | +18.1% |
| 1989 | -135.44 billion current LCU | +2.9% |
| 1990 | -195.09 billion current LCU | +44.0% |
| 1991 | -148.97 billion current LCU | -23.6% |
| 1992 | -175.58 billion current LCU | +17.9% |
| 1993 | -342.02 billion current LCU | +94.8% |
| 1994 | -247.02 billion current LCU | -27.8% |
| 1995 | -262.90 billion current LCU | +6.4% |
| 1996 | -281.57 billion current LCU | +7.1% |
| 1997 | -431.18 billion current LCU | +53.1% |
| 1998 | -585.37 billion current LCU | +35.8% |
| 1999 | -652.36 billion current LCU | +11.4% |
| 2000 | -815.36 billion current LCU | +25.0% |
| 2001 | -1.01 trillion current LCU | +23.5% |
| 2002 | -1.16 trillion current LCU | +15.4% |
| 2003 | -957.85 billion current LCU | -17.6% |
| 2004 | -1.04 trillion current LCU | +8.3% |
| 2005 | -1.17 trillion current LCU | +13.1% |
| 2006 | -963.26 billion current LCU | -17.9% |
| 2007 | -234.70 billion current LCU | -75.6% |
| 2008 | -2.74 trillion current LCU | +1068.3% |
| 2009 | -3.51 trillion current LCU | +28.0% |
| 2010 | -2.66 trillion current LCU | -24.3% |
| 2011 | -2.80 trillion current LCU | +5.4% |
| 2012 | -3.74 trillion current LCU | +33.6% |
| 2013 | -4.57 trillion current LCU | +22.0% |
| 2014 | -4.05 trillion current LCU | -11.3% |
| 2015 | -3.82 trillion current LCU | -5.6% |
| 2016 | -3.72 trillion current LCU | -2.6% |
| 2017 | -4.37 trillion current LCU | +17.3% |
| 2018 | -4.35 trillion current LCU | -0.3% |
| 2022 | -13.74 trillion current LCU | +215.6% |
India compared with similar countries
- India's -13.74 trillion current LCU is below the median for lower middle income countries, which is -13.47 billion current LCU, 1020.3× the median. (36 countries reporting)
- India's -13.74 trillion current LCU is below the median for South Asia, which is -656.01 billion current LCU, 20.9× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) 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 |
|---|---|---|---|
| 2008 | -1068.3% | -234.70 billion current LCU | -2.74 trillion current LCU |
| 1979 | -826.4% | -1.21 billion current LCU | -11.21 billion current LCU |
| 1975 | +288.2% | -680.00 million current LCU | 1.28 billion current LCU |
| 2022 | -215.6% | -4.35 trillion current LCU | -13.74 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.45 billion current LCU | -11.21 billion current LCU | 1.92 billion current LCU | 6 |
| 1980s | -65.39 billion current LCU | -135.44 billion current LCU | -8.67 billion current LCU | 10 |
| 1990s | -332.21 billion current LCU | -652.36 billion current LCU | -148.97 billion current LCU | 10 |
| 2000s | -1.36 trillion current LCU | -3.51 trillion current LCU | -234.70 billion current LCU | 10 |
| 2010s | -3.79 trillion current LCU | -4.57 trillion current LCU | -2.66 trillion current LCU | 9 |
| 2020s | -13.74 trillion current LCU | -13.74 trillion current LCU | -13.74 trillion current LCU | 1 |
Countries ranked near India
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in India?
- Net lending (+) / net borrowing (-) in India was -13.74 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in India?
- The highest recorded value was 1.92 billion current LCU in 1977.
- What is the lowest net lending (+) / net borrowing (-) recorded in India?
- The lowest recorded value was -13.74 trillion current LCU in 2022.
- How does India rank for net lending (+) / net borrowing (-)?
- India ranks 152nd out of 156 countries with data for 2022.
- Is net lending (+) / net borrowing (-) rising or falling in India?
- Over the last ten years it is down 267.0%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.