India recorded a Government Debt to GDP of 81.92 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in India averaged 70.14 percent of GDP from 1980 until 2024, reaching an all time high of 89.24 percent of GDP in 2020 and a record low of 47.94 percent of GDP in 1980. source: Reserve Bank of India

Government Debt to GDP in India is expected to reach 80.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Government Debt to GDP is projected to trend around 78.00 percent of GDP in 2026 and 77.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 56.00 Feb 2026
Fiscal Expenditure 3380998.00 2925910.00 INR Tens of Million Dec 2025
Government Budget -4.80 -5.87 percent of GDP Dec 2024
Government Budget Value -855842.00 -976671.00 INR Tens of Million Dec 2025
Government Debt to GDP 81.92 81.76 percent of GDP Dec 2024
Government Revenues 2525156.00 1949239.00 INR Tens of Million Dec 2025
Government Spending 3927.30 4495.11 INR Billion Sep 2025
Government Spending to GDP 14.77 15.20 percent of GDP Dec 2024
Holidays
Military Expenditure 86126.00 82293.30 USD Million Dec 2024


India Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
81.92 81.76 89.24 47.94 1980 - 2024 percent of GDP Yearly