The budget balance in relation to the GDP in India was forecast to continuously increase between 2024 and 2029 by in total 1.2 percentage points. After the ninth consecutive increasing year, the budget balance is estimated to reach -6.62 percent and therefore a new peak in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Bhutan, Nepal, and Pakistan.

The overall expenditure of the central government in India was estimated to account for nearly 18 percent of the nation's GDP in fiscal year 2021. This was an increment by nearly five percent as opposed to the total government expenditure contribution to GDP recorded in financial year 2020. Meanwhile, forecasts for financial year 2022 indicate a lower share of GDP being accounted for by government expenditure.

India IN: GDP: % of GDP: Final Consumption Expenditure data was reported at 70.229 % in 2017. This records an increase from the previous number of 69.942 % for 2016. India IN: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 80.856 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 94.478 % in 1967 and a record low of 66.104 % in 2007. India IN: GDP: % of GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

During the financial year 2025, capital expenditure (CapEx) was estimated to be 3.1 percent of the GDP of India. This was a decrease from the last financial year. The share was expected to remain the same in the next financial year. CapEx refers to funds allocated and utilized by the government to develop assets that contribute to the country's growth such as infrastructure, energy, defense, agriculture, manufacturing, etc.

Key information about India Consolidated Fiscal Balance: % of GDP

• India Consolidated Fiscal Balance recorded a deficit equal to 4.9 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.5 % in the previous quarter
• India Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 2005 to Dec 2024, with an average ratio of -4.5 %
• The data reached an all-time high of -1.9 % in Jun 2008 and a record low of -9.2 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Controller General of Accounts provides Consolidated Fiscal Balance in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Consolidated Fiscal Balance covers Central Government only. Nominal GDP prior to Q1 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Further information about India Consolidated Fiscal Balance: % of GDP

• In the latest reports, India National Government Debt reached 2,144.6 USD bn in Sep 2024
• India Nominal GDP reached 873.7 USD bn in Mar 2023

The Indian government spent 2.6 percent of the country's GDP on healthcare in financial year 2023. The government healthcare spending is likely to be 2.5 percent of the GDP in the financial year 2025.

India recorded a Government Debt to GDP of 81.59 percent of the country's Gross Domestic Product in 2023. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Liabilities Position of the Centre and the States as a % of GDP from 1999-2000 to 2017-18 RE

The government of India spent 4.6 percent of its GDP on education in 2021, an increase from the previous year. Government spending on education has fluctuated in the last decade.

The ratio of military expenditure to gross domestic product (GDP) in India decreased to 2.43 percent compared to the previous year. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Pakistan and Afghanistan.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data was reported at 6.457 % in 2022. This records a decrease from the previous number of 7.841 % for 2021. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data is updated yearly, averaging 6.183 % from Dec 1997 (Median) to 2022, with 26 observations. The data reached an all-time high of 8.130 % in 2016 and a record low of -13.312 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.Non OECD Member.OECD.EO: Forecast: GDP: Growth and Contribution to Growth: Annual. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

According to the budget estimates for fiscal year 2020, about 1.35 percent of India's GDP was spent on public health. This was a slight increase compared to the previous fiscal year when about 1.28 percent of the GDP was spent on healthcare.

The revenue expenditure of India's central government was estimated to decline to 12.7 percent of the country's GDP in financial year 2023 as compared to the previous year's share. The budget estimates for fiscal year 2024 depicts a further decline of almost one percent.

This dataset contains information about transport infrastructure investment and maintenance spending for 1994-2018. Data from Organisation for Economic Co-operation and Development.

Notes:

The lack of common definitions and practices to measure transport infrastructure spending hinders comparisons between countries and spending options Data for road and rail infrastructure are the most comprehensive while data on sea port and airport spending are less detailed in coverage and definition While our survey covers all sources of financing a number of countries exclude private spending, including Japan and India Around 65 of countries report data on urban spending while for the remaining countries data on spending in this area are missing Indicators such as the share of GDP needed for investment in transport infrastructure, depend on a number of factors, such as the quality and age of existing infrastructure, maturity of the transport system, geography of the country and transport intensity of its productive sector Caution is therefore required when comparing investment data between countries However, data for individual countries and country groups are consistent over time and useful for identifying underlying trends and changes in levels of spending, especially for inland transport infrastructure These issues of definitions and methods are addressed in a companion report Understanding the Value of Transport Infrastructure ndash Guidelines for macro level measurement of spending and assets ITF OECD2013 that aims to improve the international collection of related statistics

The current health expenditure as a share of the GDP in India was forecast to continuously decrease between 2024 and 2029 by in total 0.2 percentage points. According to this forecast, in 2029, the share will have decreased for the ninth consecutive year to 3.01 percent. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Nepal and Pakistan.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data was reported at 6.735 % in 2021. This records an increase from the previous number of -4.769 % for 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data is updated yearly, averaging 5.972 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 8.130 % in 2016 and a record low of -4.769 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

In fiscal year 2025, the ratio of revenue deficit to GDP in India was estimated to be around two percent, down from 2.9 percent in fiscal year 2022. The ratio was estimated to remain stable in 2024.

4,1 (%) in 2022. Public expenditure on education as % of GDP is the total public expenditure (current and capital) on education expressed as a percentage of the Gross Domestic Product (GDP) in a given year. Public expenditure on education includes government spending on educational institutions (both public and private), education administration, and transfers/subsidies for private entities (students/households and other privates entities).

In 2021, India's gross expenditure on research and development (R&D) as a share of GDP stood at 0.8 percent, this was a significant decrease compared to the previous year. The gross expenditure on R&D was forecast to reach 65.2 billion U.S. dollars, a share of 0.65 percent of the total GDP in 2022.

In the financial year 2026, the estimated gross fiscal deficit in India was expected to be 4.4 percent of the GDP. This would be a decrease from the previous year's deficit in the country. What is fiscal deficit? The fiscal deficit of the government is the difference between the total expenditure incurred and the total non-debt capital receipts of the government. It indicates the total borrowing requirements of the government. Impact from the pandemic Due to concerns over gradually slowing economic growth, the government increased its fiscal spending in early 2019. With the onset of the coronavirus (COVID-19) and consequent lockdown, the unprecedented financial stimulus package led to the worsening of the gross fiscal deficit. This further stressed the tax revenue system across the country. A major impact of the pandemic was the projection of negative quarterly growth of GDP in June 2020 across India.