Taxes on goods and services (current LCU) in India
India: Taxes on goods and services (current LCU) was 7.99 trillion current LCU in 2022. ◆ Volatile
Taxes on goods and services 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 taxes on goods and services in India is 7.99 trillion current LCU, measured in 2022.
That represents a change of up 144.7% over ten years.
Over the whole period, taxes on goods and services in India peaked at 10.20 trillion current LCU in 2018 and was at its lowest, 33.42 billion current LCU, in 1974.
India ranks 16th of 157 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in India, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 33.42 billion current LCU | — |
| 1975 | 39.96 billion current LCU | +19.6% |
| 1976 | 44.14 billion current LCU | +10.5% |
| 1977 | 46.57 billion current LCU | +5.5% |
| 1978 | 55.85 billion current LCU | +19.9% |
| 1979 | 62.30 billion current LCU | +11.5% |
| 1980 | 67.71 billion current LCU | +8.7% |
| 1981 | 77.42 billion current LCU | +14.3% |
| 1982 | 84.39 billion current LCU | +9.0% |
| 1983 | 106.13 billion current LCU | +25.8% |
| 1984 | 116.31 billion current LCU | +9.6% |
| 1985 | 135.23 billion current LCU | +16.3% |
| 1986 | 151.27 billion current LCU | +11.9% |
| 1987 | 172.09 billion current LCU | +13.8% |
| 1988 | 198.34 billion current LCU | +15.3% |
| 1989 | 235.63 billion current LCU | +18.8% |
| 1990 | 259.04 billion current LCU | +9.9% |
| 1991 | 297.51 billion current LCU | +14.9% |
| 1992 | 327.29 billion current LCU | +10.0% |
| 1993 | 322.83 billion current LCU | -1.4% |
| 1994 | 385.37 billion current LCU | +19.4% |
| 1995 | 419.05 billion current LCU | +8.7% |
| 1996 | 470.14 billion current LCU | +12.2% |
| 1997 | 507.46 billion current LCU | +7.9% |
| 1998 | 565.27 billion current LCU | +11.4% |
| 1999 | 653.73 billion current LCU | +15.6% |
| 2000 | 726.79 billion current LCU | +11.2% |
| 2001 | 775.93 billion current LCU | +6.8% |
| 2002 | 883.26 billion current LCU | +13.8% |
| 2003 | 1.01 trillion current LCU | +13.9% |
| 2004 | 1.15 trillion current LCU | +14.4% |
| 2005 | 1.39 trillion current LCU | +20.5% |
| 2006 | 1.62 trillion current LCU | +16.9% |
| 2007 | 1.77 trillion current LCU | +9.0% |
| 2008 | 1.86 trillion current LCU | +4.9% |
| 2009 | 1.74 trillion current LCU | -6.4% |
| 2010 | 2.19 trillion current LCU | +26.0% |
| 2011 | 2.52 trillion current LCU | +15.0% |
| 2012 | 3.27 trillion current LCU | +29.8% |
| 2013 | 3.87 trillion current LCU | +18.5% |
| 2014 | 3.68 trillion current LCU | -4.8% |
| 2015 | 5.11 trillion current LCU | +38.6% |
| 2016 | 6.52 trillion current LCU | +27.6% |
| 2017 | 8.14 trillion current LCU | +24.8% |
| 2018 | 10.20 trillion current LCU | +25.3% |
| 2022 | 7.99 trillion current LCU | -21.6% |
India compared with similar countries
- India's 7.99 trillion current LCU is above the median for lower middle income countries, which is 140.56 billion current LCU, 56.8× the median. (37 countries reporting)
- India's 7.99 trillion current LCU is above the median for South Asia, which is 881.27 billion current LCU, 9.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 47.04 billion current LCU | 33.42 billion current LCU | 62.30 billion current LCU | 6 |
| 1980s | 134.45 billion current LCU | 67.71 billion current LCU | 235.63 billion current LCU | 10 |
| 1990s | 420.77 billion current LCU | 259.04 billion current LCU | 653.73 billion current LCU | 10 |
| 2000s | 1.29 trillion current LCU | 726.79 billion current LCU | 1.86 trillion current LCU | 10 |
| 2010s | 5.05 trillion current LCU | 2.19 trillion current LCU | 10.20 trillion current LCU | 9 |
| 2020s | 7.99 trillion current LCU | 7.99 trillion current LCU | 7.99 trillion current LCU | 1 |
Countries ranked near India
More public sector data for India
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is taxes on goods and services in India?
- Taxes on goods and services in India was 7.99 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in India?
- The highest recorded value was 10.20 trillion current LCU in 2018.
- What is the lowest taxes on goods and services recorded in India?
- The lowest recorded value was 33.42 billion current LCU in 1974.
- How does India rank for taxes on goods and services?
- India ranks 16th out of 157 countries with data for 2022.
- Is taxes on goods and services rising or falling in India?
- Over the last ten years it is up 144.7%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.