Short-term debt in India
India: Short-term debt was 21.7% in 2024. ◆ Volatile
Short-term debt in India, 1970–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
India recorded 21.7% for short-term debt in 2024.
That represents a change of up 7.2% on the previous year and down 17.5% over ten years.
Over the whole period, short-term debt in India peaked at 151.6% in 1990 and was at its lowest, 5.2%, in 2004.
That places India 61st out of 111 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in India, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1970 | 27.7% | — |
| 1971 | 25.5% | -7.7% |
| 1972 | 25.6% | +0.3% |
| 1973 | 23.2% | -9.3% |
| 1974 | 18.8% | -19.0% |
| 1975 | 22.9% | +21.9% |
| 1976 | 13.4% | -41.6% |
| 1977 | 7.1% | -47.0% |
| 1978 | 7.8% | +10.3% |
| 1979 | 5.9% | -24.5% |
| 1980 | 10.6% | +79.1% |
| 1981 | 19.7% | +86.1% |
| 1982 | 29.1% | +47.7% |
| 1983 | 40.6% | +39.7% |
| 1984 | 43.0% | +5.9% |
| 1985 | 45.9% | +6.7% |
| 1986 | 47.2% | +2.8% |
| 1987 | 49.3% | +4.4% |
| 1988 | 69.2% | +40.5% |
| 1989 | 93.2% | +34.6% |
| 1990 | 151.6% | +62.6% |
| 1991 | 92.8% | -38.7% |
| 1992 | 66.5% | -28.4% |
| 1993 | 24.7% | -62.8% |
| 1994 | 17.6% | -28.8% |
| 1995 | 22.1% | +25.4% |
| 1996 | 27.0% | +22.4% |
| 1997 | 17.8% | -34.2% |
| 1998 | 14.1% | -20.5% |
| 1999 | 10.9% | -22.7% |
| 2000 | 8.4% | -22.8% |
| 2001 | 5.6% | -33.7% |
| 2002 | 5.7% | +2.2% |
| 2003 | 6.1% | +6.7% |
| 2004 | 5.2% | -14.5% |
| 2005 | 6.4% | +22.7% |
| 2006 | 14.1% | +120.4% |
| 2007 | 13.0% | -7.4% |
| 2008 | 17.0% | +30.4% |
| 2009 | 16.4% | -3.8% |
| 2010 | 18.8% | +14.8% |
| 2011 | 26.1% | +39.1% |
| 2012 | 31.1% | +18.9% |
| 2013 | 31.1% | +0.1% |
| 2014 | 26.3% | -15.4% |
| 2015 | 23.1% | -12.3% |
| 2016 | 23.2% | +0.5% |
| 2017 | 23.7% | +1.9% |
| 2018 | 26.0% | +10.1% |
| 2019 | 23.0% | -11.5% |
| 2020 | 17.5% | -23.9% |
| 2021 | 18.0% | +2.4% |
| 2022 | 22.5% | +25.5% |
| 2023 | 20.2% | -10.2% |
| 2024 | 21.7% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.8% | 5.9% | 27.7% | 10 |
| 1980s | 44.8% | 10.6% | 93.2% | 10 |
| 1990s | 44.5% | 10.9% | 151.6% | 10 |
| 2000s | 9.8% | 5.2% | 17.0% | 10 |
| 2010s | 25.2% | 18.8% | 31.1% | 10 |
| 2020s | 20.0% | 17.5% | 22.5% | 5 |
Countries ranked near India
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Services, value added (constant LCU), per capita 105,882 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.973 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9078 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 2,453 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.69 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 79.27 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 214,232 current LCU per person (2025)
Frequently asked questions
- What is short-term debt in India?
- Short-term debt in India was 21.7% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in India?
- The highest recorded value was 151.6% in 1990.
- What is the lowest short-term debt recorded in India?
- The lowest recorded value was 5.2% in 2004.
- How does India rank for short-term debt?
- India ranks 61st out of 111 countries with data for 2024.
- Is short-term debt rising or falling in India?
- Over the last ten years it is down 17.5%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.