Key information about India Total Loans

• India Total Loans was reported at 2,048.209 USD bn in Dec 2024
• This records an increase from the previous number of 2,037.410 USD bn for Sep 2024
• India Total Loans data is updated quarterly, averaging 898.708 USD bn from Dec 1998 to Dec 2024, with 105 observations
• The data reached an all-time high of 2,048.209 USD bn in Dec 2024 and a record low of 82.701 USD bn in Dec 1998
• India Total Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: USD: Quarterly

CEIC converts quarterly Total Loans into USD. The Reserve Bank of India provides Total Loans in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Total Loans cover lenders as Scheduled Commercial Banks.

In 2024, the national debt of India amounted to around 3.16 trillion U.S. dollars. Projections show an upward trend, with a significant increase each year. Honor thy national debtNational debt, also called government debt or public debt, is money owed by the federal government. It can be divided into internal debt, (which is owed to lenders in the country) and external debt (which is owed to foreign lenders). National debt is created and increased by using government bonds, for example, or by borrowing money from other nations due to financial struggles (well-known case in point: Greece). A quite complex issue, national debt is expected to be paid back in accordance with certain regulations overseen by the Bank for International Settlements (BIS), a financial organization owned by central banks. India’s debt is rising, but so is its economic growthIndia’s liabilities have increased significantly, and forecasts show no end in sight. While India is a fast-growing economy and considered one of the main emerging economies, the so-called BRIC countries, India has been investing and borrowing money from commercial banks as well as several non-banking finance companies, and its national debt today makes up almost 70 percent of its GDP. Luckily, even though the national debt is forecast to increase, this share of GDP is predicted to decrease, as is the trade deficit in the long run, despite a significant jump back into the red in 2017.

External Debt in India increased to 747200 USD Million in the second quarter of 2025 from 736300 USD Million in the first quarter of 2025. This dataset provides - India External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about India Total Loans Growth

• India Total Loans Growth was reported at 11.45 % in Dec 2024
• This records a decrease from the previous number of 12.35 % for Sep 2024
• India Total Loans Growth data is updated quarterly, averaging 15.05 % from Dec 1999 to Dec 2024, with 101 observations
• The data reached an all-time high of 36.38 % in Sep 2005 and a record low of 5.40 % in Mar 2017
• India Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Quarterly

CEIC calculates quarterly Total Loans Growth from quarterly Total Loans. The Reserve Bank of India provides Total Loans in local currency. Total Loans Growth covers lenders as Scheduled Commercial Banks.

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.

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.

India recorded a Government Debt to GDP of 81.92 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Multilateral loans, total in India was reported at 63818692125 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Multilateral loans, total - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

India Public Sector Banks: Total Loans data was reported at 61,416,980.000 INR mn in 2018. This records an increase from the previous number of 58,663,740.000 INR mn for 2017. India Public Sector Banks: Total Loans data is updated yearly, averaging 18,191,000.000 INR mn from Mar 1998 (Median) to 2018, with 21 observations. The data reached an all-time high of 61,416,980.000 INR mn in 2018 and a record low of 2,849,710.000 INR mn in 1998. India Public Sector Banks: Total Loans data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAF001: Scheduled Commercial Banks: Non Performing Loans.

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.

Central government debt, total (% of GDP) in India was reported at 46.52 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Total reserves (% of total external debt) in India was reported at 97.06 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total reserves (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

India Private Banks: Total Loans: Standard data was reported at 26,000,280.000 INR mn in 2018. This records an increase from the previous number of 21,685,000.000 INR mn for 2017. India Private Banks: Total Loans: Standard data is updated yearly, averaging 5,129,000.000 INR mn from Mar 1998 (Median) to 2018, with 21 observations. The data reached an all-time high of 26,000,280.000 INR mn in 2018 and a record low of 335,670.000 INR mn in 1998. India Private Banks: Total Loans: Standard data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAF001: Scheduled Commercial Banks: Non Performing Loans.

The dataset contains All India Yearly Central and State Government Debt Indicators as percentage to GDP from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2022-23 are Revised Estimates and data for 2023-24 are Budget Estimates. 2. External liabilities of the Centre is at current exchange rate. 3. Total liabilities of the States, Combined domestic liabilities of Centre & States and Combined total liabilities of the Centre & States have been revised to include 'reserve funds', 'deposits and advances' and 'contingency fund' of State Governments. 4. Data in respect of Combined finances are exclusive of NCT Delhi from 2005-06 onwards. 5. Combined and Centre's liabilities are inclusive of securities/treasury bills under market stabilisation scheme (MSS). 6. GDP data for 2023-24 is taken from Union Budget 2023-24. 7. Combined total liabilities of Centre & States is the sum of External liabilities of the Centre and Combined domestic liabilities of Centre & States

The International Bank for Reconstruction and Development (IBRD) loans are public and publicly guaranteed debt extended by the World Bank Group. IBRD loans are made to, or guaranteed by, countries that are members of IBRD. IBRD may also make loans to IFC. IBRD lends at market rates. Data are in U.S. dollars calculated using historical rates. This dataset contains the latest available snapshot of the Statement of Loans. The World Bank complies with all sanctions applicable to World Bank transactions.

Total debt service (% of GNI) in India was reported at 2.2925 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total debt service (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

India Foreign Banks: Total Loans data was reported at 3,633,050.000 INR mn in 2018. This records an increase from the previous number of 3,439,210.000 INR mn for 2017. India Foreign Banks: Total Loans data is updated yearly, averaging 1,631,000.000 INR mn from Mar 1998 (Median) to 2018, with 21 observations. The data reached an all-time high of 3,767,197.621 INR mn in 2016 and a record low of 309,720.000 INR mn in 1998. India Foreign Banks: Total Loans data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAF001: Scheduled Commercial Banks: Non Performing Loans.

Total debt service (% of exports of goods, services and primary income) in India was reported at 10.14 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total debt service (% of exports of goods, services and income) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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.

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.