Taxes on goods and services (% value added of industry and services) in India
India: Taxes on goods and services (% value added of industry and services) was 4.2% 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 % value added of industry and services.
Analysis
In 2022, taxes on goods and services in India stood at 4.2%.
Compared with earlier readings it is down 3.1% over ten years.
Over the whole period, taxes on goods and services in India peaked at 8.2% in 1978 and was at its lowest, 3.5%, in 2009.
India ranks 135th of 154 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Taxes on goods and services (% value added of industry and services) in India, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1974 | 7.5% | — |
| 1975 | 8.0% | +7.5% |
| 1976 | 8.0% | -0.8% |
| 1977 | 7.6% | -5.0% |
| 1978 | 8.2% | +8.5% |
| 1979 | 8.2% | -0.3% |
| 1980 | 7.8% | -5.0% |
| 1981 | 7.5% | -4.0% |
| 1982 | 7.2% | -4.3% |
| 1983 | 7.8% | +8.4% |
| 1984 | 7.4% | -4.3% |
| 1985 | 7.6% | +2.1% |
| 1986 | 7.5% | -1.6% |
| 1987 | 7.4% | -0.6% |
| 1988 | 7.3% | -1.9% |
| 1989 | 7.4% | +1.4% |
| 1990 | 7.0% | -5.5% |
| 1991 | 7.0% | +0.3% |
| 1992 | 6.6% | -5.0% |
| 1993 | 5.6% | -15.0% |
| 1994 | 5.8% | +2.0% |
| 1995 | 5.2% | -9.2% |
| 1996 | 5.1% | -1.8% |
| 1997 | 4.9% | -4.5% |
| 1998 | 4.7% | -3.6% |
| 1999 | 4.8% | +1.5% |
| 2000 | 4.8% | +1.0% |
| 2001 | 4.8% | -1.7% |
| 2002 | 4.9% | +2.7% |
| 2003 | 5.0% | +2.0% |
| 2004 | 4.9% | -1.3% |
| 2005 | 5.2% | +4.8% |
| 2006 | 5.1% | -1.6% |
| 2007 | 4.8% | -5.2% |
| 2008 | 4.4% | -9.3% |
| 2009 | 3.5% | -19.0% |
| 2010 | 3.8% | +6.9% |
| 2011 | 3.8% | +0.7% |
| 2012 | 4.3% | +13.9% |
| 2013 | 4.6% | +5.8% |
| 2014 | 3.9% | -14.7% |
| 2015 | 4.9% | +26.0% |
| 2016 | 5.7% | +15.4% |
| 2017 | 6.4% | +12.7% |
| 2018 | 7.2% | +12.3% |
| 2022 | 4.2% | -41.7% |
India compared with similar countries
- India's 4.2% is below the median for lower middle income countries, which is 8.7%, 48% of the median. (37 countries reporting)
- India's 4.2% is below the median for South Asia, which is 6.3%, 67% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (% value added of industry and services) 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 | -41.7% | 7.2% | 4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 7.5% | 8.2% | 6 |
| 1980s | 7.5% | 7.2% | 7.8% | 10 |
| 1990s | 5.7% | 4.7% | 7.0% | 10 |
| 2000s | 4.7% | 3.5% | 5.2% | 10 |
| 2010s | 5.0% | 3.8% | 7.2% | 9 |
| 2020s | 4.2% | 4.2% | 4.2% | 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)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 2.86 billion SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services in India?
- Taxes on goods and services in India was 4.2% 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 8.2% in 1978.
- What is the lowest taxes on goods and services recorded in India?
- The lowest recorded value was 3.5% in 2009.
- How does India rank for taxes on goods and services?
- India ranks 135th out of 154 countries with data for 2022.
- Is taxes on goods and services rising or falling in India?
- Over the last ten years it is down 3.1%. 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.