The value of government net debt in India in March 2025 was forecasted to be over *** trillion Indian rupees, an increase from around *** trillion rupees in March 2020. The government debt is estimated to reach over *** trillion in 2030.

External Debt: Currency Composition: Indian Rupee data was reported at 31.200 % in Sep 2024. This stayed constant from the previous number of 31.200 % for Jun 2024. External Debt: Currency Composition: Indian Rupee data is updated quarterly, averaging 21.550 % from Mar 1997 (Median) to Sep 2024, with 98 observations. The data reached an all-time high of 37.300 % in Dec 2017 and a record low of 11.300 % in Mar 1999. External Debt: Currency Composition: Indian Rupee data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FK010: External Debt: Currency of Composition.

In financial year 2022, the internal debt of the central government of India amounted to around *** trillion Indian rupees, an increase from the previous year. It was estimated, that the internal debt would reach nearly *** trillion rupees in 2024.

India External Debt: IMF data was reported at 377,164.749 INR mn in 2018. This records an increase from the previous number of 351,290.555 INR mn for 2017. India External Debt: IMF data is updated yearly, averaging 44,430.000 INR mn from Mar 1970 (Median) to 2018, with 49 observations. The data reached an all-time high of 377,164.749 INR mn in 2018 and a record low of 0.000 INR mn in 2003. India External Debt: IMF data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FC002: External Debt: INR (Annual).

In financial year 2022, the outstanding external debt of the central government of India amounted to *** trillion Indian rupees, up from the previous year. It was estimated that the external debt would reach over **** trillion rupees by 2024.

Key information about India External Debt

• India External Debt reached 711.8 USD bn in Sep 2024, compared with 682.2 USD bn in the previous quarter.
• India External Debt: USD mn data is updated quarterly, available from Sep 1999 to Sep 2024.
• The data reached an all-time high of 711.8 USD bn in Sep 2024 and a record low of 96.4 USD bn in Sep 2000.

Related information about India External Debt

• In the latest reports of India, Current Account recorded a deficit of 11.2 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 5.0 USD bn in Sep 2024.
• India Direct Investment Abroad expanded by 7.3 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 19.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 873.7 USD bn in Mar 2023.

This dataset contains the share of different types of currencies in the total External Debt. This includes Indian Rupee, US Dollar, Special Drawing Rights, Japanese Yen, and Euro

External Debt in India increased to 736300 USD Million in the first quarter of 2025 from 717900 USD Million in the fourth quarter of 2024. This dataset provides - India External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India External Debt: USD: Rupee Debt data was reported at 788.921 USD mn in Dec 2024. This records a decrease from the previous number of 792.056 USD mn for Sep 2024. India External Debt: USD: Rupee Debt data is updated quarterly, averaging 1.460 USD bn from Sep 1999 (Median) to Dec 2024, with 102 observations. The data reached an all-time high of 4.535 USD bn in Sep 1999 and a record low of 768.957 USD mn in Dec 2023. India External Debt: USD: Rupee Debt data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FK003: External Debt:: USD.

The statistic shows the national debt in India from 2020 to 2023 in relation to gross domestic product (GDP), with projections up until 2030. In 2023, the national debt of India amounted to about 81.23 percent of the gross domestic product. India’s economy on the rise India is one of the most populous countries in the world, and although a large share of inhabitants are living below the poverty line – or probably due to this fact –, the country’s economy is growing steadily. India’s GDP growth is expected to remain steady at more than 7 percent for the next few years, which is almost double that of the global GDP, and both GDP and GDP per capita are expected to increase significantly. Almost half of India’s workforce is employed in the agricultural sector, but services and industry share the other half quite equally. India’s GDP is mostly generated by the services sector, which includes transport, retailing, and offering services in the hospitality and tourism industry. India’s trade balance has been in the red for a decade now, but seems to recover slowly. A trade deficit usually means that a country’s import costs are higher than the amount of money generated with exporting goods. India’s imports could not be compensated for by the country’s exports, as imports have been consistently, even if only slightly, higher over the years both in terms of volume and value. Still, all signs point to India’s economy growing and thriving, reducing India’s debt (as seen above) and unemployment rate, enabling the inhabitants to create a better life for themselves.

Key information about India National Government Debt

• India National Government Debt reached 2,144.6 USD bn in Sep 2024, compared with 2,113.5 USD bn in the previous quarter.
• India National Government Debt data is updated quarterly, available from Dec 1998 to Sep 2024.
• The data reached an all-time high of 2,144.6 USD bn in Sep 2024 and a record low of 232.8 USD bn in Dec 1998.

CEIC converts quarterly Government Debt into USD. The Ministry of Finance provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about India National Government Debt

• In the latest reports, India Consolidated Fiscal Balance recorded a deficit equal to 4.6 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 58.3 % of its Nominal GDP in Sep 2024.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.

Consumer credit, billion currency units in India, March, 2025 The most recent value is 29418.22 billion Indian Rupee as of March 2025, an increase compared to the previous value of 29001.59 billion Indian Rupee. Historically, the average for India from October 2012 to March 2025 is 12185.83 billion Indian Rupee. The minimum of 4052 billion Indian Rupee was recorded in October 2012, while the maximum of 29418.22 billion Indian Rupee was reached in March 2025. | TheGlobalEconomy.com

This layer shows India's External Debt Outstanding (2010-24).Notes: Relates to SDR allocations from March 2004 onwards. Includes Financial Lease since 1996. Also includes India Development Bonds (IDBs), Resurgent India Bonds (RIBs), India Millennium Deposits (IMDs), Foreign Currency Convertible Bonds (FCCBs) and net investment by 100% FII debt funds and securitized borrowings of commercial banks FCCB debt has been adjusted since end-March, 1998 after netting out conversion into equity and redemptions. Figures include accrued interest. Rupee denominated debt owed to Russia and payable through exports. The definition of concessional debt here includes 'concessional' categoreis under multilateral and bilateral debt and rupee debt under item VII. NRO Deposits are included under NRI Deposits from the quarter ended June 2005. Supplier’s Credits upto 180 days and FII investment in short-term debt instruments are included under short-term debt from the quarter ended March 2005. Vostro balances / Nostro overdrafts of commercial banks, balances of foreign central banks/international institutions with RBI and investment in T-bills/securities by foreign central banks/ international institutions have been included in external debt from the quarter ended March 2007.PR: Partially Revised. QE: Quick Estimates. IFC (W): International Finance Corporation, Washington D.C. FII: Foreign Institutional InvestorsSource: https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab7.2b.pdfThis web layer is offered by Esri India, for ArcGIS Online subscribers. If you have any questions or comments, please let us know via content@esri.in.

In the financial year 2024, India's household debt reached around *** billion U.S. dollars, an increase from previous year's figures. India's household debt has witnessed an upward trend in the last decade. Household debt includes consumer durables, housing and other personal loans.

External Debt: Non Resident Indian Deposit (NRI) data was reported at 8,844,512.275 INR mn in Sep 2018. This records an increase from the previous number of 8,520,922.843 INR mn for Jun 2018. External Debt: Non Resident Indian Deposit (NRI) data is updated quarterly, averaging 2,358,450.000 INR mn from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 8,844,512.275 INR mn in Sep 2018 and a record low of 1,356,180.000 INR mn in Mar 2004. External Debt: Non Resident Indian Deposit (NRI) data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FC001: External Debt: INR.

As of November 2021, the total traded value in the corporate debt market in India was over ** trillion Indian rupees. During the financial year 2021, the total traded value was ***** trillion, a decline from the previous year.

Based on the NSS survey conducted in 2019, over half of agricultural households were in debt across India. This was an increase compared to 2003. Estimates put farmer debt at around *** million rupees as of 2021. This has been one of the leading reasons among farmer suicides in the country.

India External Debt: Rupee Debt: Defence data was reported at 72,415.517 INR mn in Sep 2018. This stayed constant from the previous number of 72,415.517 INR mn for Jun 2018. India External Debt: Rupee Debt: Defence data is updated quarterly, averaging 77,820.000 INR mn from Sep 1999 (Median) to Sep 2018, with 77 observations. The data reached an all-time high of 178,300.000 INR mn in Dec 1999 and a record low of 61,640.000 INR mn in Mar 2013. India External Debt: Rupee Debt: Defence data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FC001: External Debt: INR.

India External Debt: USD: Rupee Debt: Civilian data was reported at 69.922 USD mn in Sep 2018. This records a decrease from the previous number of 74.459 USD mn for Jun 2018. India External Debt: USD: Rupee Debt: Civilian data is updated quarterly, averaging 171.000 USD mn from Sep 1999 (Median) to Sep 2018, with 77 observations. The data reached an all-time high of 463.000 USD mn in Sep 1999 and a record low of 69.922 USD mn in Sep 2018. India External Debt: USD: Rupee Debt: Civilian data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FC003: External Debt: USD.

The total debt for Indian Oil Corporation limited was more than **** trillion Indian rupees in the financial year 2024. The debt value in the financial year 2024 was lower than the previous financial year. Total debt was calculated as the sum of both short-term and long-term borrowings plus the current maturities that were generated on the long-term debts.