Taxes on goods and services in India
India: Taxes on goods and services was 32.6% in 2022. ▼ Falling
Taxes on goods and services in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2022, taxes on goods and services in India stood at 32.6%.
The figure is up 25.4% over ten years.
Over the whole period, taxes on goods and services in India peaked at 44.1% in 1974 and was at its lowest, 21.7%, in 2010.
That places India 67th out of 156 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Taxes on goods and services in India, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1974 | 44.1% | — |
| 1975 | 42.7% | -3.2% |
| 1976 | 42.4% | -0.7% |
| 1977 | 40.3% | -4.9% |
| 1978 | 42.7% | +5.9% |
| 1979 | 42.6% | -0.2% |
| 1980 | 41.4% | -2.8% |
| 1981 | 39.4% | -4.7% |
| 1982 | 37.4% | -5.3% |
| 1983 | 41.6% | +11.5% |
| 1984 | 39.2% | -6.0% |
| 1985 | 37.4% | -4.4% |
| 1986 | 36.0% | -3.8% |
| 1987 | 36.0% | +0.0% |
| 1988 | 35.6% | -1.2% |
| 1989 | 34.9% | -1.9% |
| 1990 | 35.9% | +2.9% |
| 1991 | 34.5% | -3.9% |
| 1992 | 33.2% | -3.6% |
| 1993 | 31.8% | -4.3% |
| 1994 | 31.3% | -1.7% |
| 1995 | 28.4% | -9.3% |
| 1996 | 27.4% | -3.5% |
| 1997 | 27.3% | -0.2% |
| 1998 | 28.9% | +5.7% |
| 1999 | 28.0% | -3.2% |
| 2000 | 28.9% | +3.5% |
| 2001 | 30.2% | +4.2% |
| 2002 | 30.4% | +0.7% |
| 2003 | 30.2% | -0.5% |
| 2004 | 29.7% | -1.6% |
| 2005 | 30.8% | +3.5% |
| 2006 | 28.5% | -7.4% |
| 2007 | 24.9% | -12.6% |
| 2008 | 26.3% | +5.5% |
| 2009 | 23.8% | -9.5% |
| 2010 | 21.7% | -8.8% |
| 2011 | 25.0% | +15.3% |
| 2012 | 26.0% | +4.1% |
| 2013 | 27.3% | +5.0% |
| 2014 | 25.6% | -6.4% |
| 2015 | 29.8% | +16.7% |
| 2016 | 32.9% | +10.4% |
| 2017 | 37.3% | +13.4% |
| 2018 | 40.9% | +9.4% |
| 2022 | 32.6% | -20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42.4% | 40.3% | 44.1% | 6 |
| 1980s | 37.9% | 34.9% | 41.6% | 10 |
| 1990s | 30.7% | 27.3% | 35.9% | 10 |
| 2000s | 28.4% | 23.8% | 30.8% | 10 |
| 2010s | 29.6% | 21.7% | 40.9% | 9 |
| 2020s | 32.6% | 32.6% | 32.6% | 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 taxes on goods and services in India?
- Taxes on goods and services in India was 32.6% 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 44.1% in 1974.
- What is the lowest taxes on goods and services recorded in India?
- The lowest recorded value was 21.7% in 2010.
- How does India rank for taxes on goods and services?
- India ranks 67th out of 156 countries with data for 2022.
- Is taxes on goods and services rising or falling in India?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is falling.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.