Taxes less subsidies on products in India
India: Taxes less subsidies on products was 28.18 trillion constant LCU in 2025. ◆ Volatile
Latest (2025)
28.18 trillion constant LCU
Change on year
up 6.2%
World rank
6th
of 187 countries
All-time high
28.18 trillion constant LCU
in 2025
All-time low
677.62 billion constant LCU
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in India, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
India recorded 28.18 trillion constant LCU for taxes less subsidies on products in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 6.2% on the previous year and up 74.8% over ten years.
Over the whole period, taxes less subsidies on products in India peaked at 28.18 trillion constant LCU in 2025 and was at its lowest, 677.62 billion constant LCU, in 1960.
India ranks 6th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in India, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 677.62 billion constant LCU | — |
| 1961 | 772.43 billion constant LCU | +14.0% |
| 1962 | 889.52 billion constant LCU | +15.2% |
| 1963 | 1.05 trillion constant LCU | +18.4% |
| 1964 | 1.12 trillion constant LCU | +5.9% |
| 1965 | 1.22 trillion constant LCU | +9.6% |
| 1966 | 1.08 trillion constant LCU | -11.4% |
| 1967 | 1.13 trillion constant LCU | +4.1% |
| 1968 | 1.28 trillion constant LCU | +13.1% |
| 1969 | 1.36 trillion constant LCU | +6.8% |
| 1970 | 1.45 trillion constant LCU | +6.8% |
| 1971 | 1.58 trillion constant LCU | +8.7% |
| 1972 | 1.53 trillion constant LCU | -3.0% |
| 1973 | 1.38 trillion constant LCU | -10.0% |
| 1974 | 1.40 trillion constant LCU | +1.5% |
| 1975 | 1.55 trillion constant LCU | +10.9% |
| 1976 | 1.66 trillion constant LCU | +6.6% |
| 1977 | 1.74 trillion constant LCU | +4.8% |
| 1978 | 1.88 trillion constant LCU | +8.2% |
| 1979 | 1.77 trillion constant LCU | -5.7% |
| 1980 | 1.80 trillion constant LCU | +1.7% |
| 1981 | 1.99 trillion constant LCU | +10.6% |
| 1982 | 2.19 trillion constant LCU | +9.9% |
| 1983 | 2.22 trillion constant LCU | +1.2% |
| 1984 | 2.26 trillion constant LCU | +2.2% |
| 1985 | 2.67 trillion constant LCU | +18.1% |
| 1986 | 2.93 trillion constant LCU | +9.6% |
| 1987 | 3.17 trillion constant LCU | +8.2% |
| 1988 | 3.32 trillion constant LCU | +4.6% |
| 1989 | 3.45 trillion constant LCU | +4.1% |
| 1990 | 3.73 trillion constant LCU | +8.1% |
| 1991 | 3.63 trillion constant LCU | -2.6% |
| 1992 | 3.88 trillion constant LCU | +6.7% |
| 1993 | 3.69 trillion constant LCU | -4.7% |
| 1994 | 4.05 trillion constant LCU | +9.6% |
| 1995 | 4.48 trillion constant LCU | +10.7% |
| 1996 | 4.62 trillion constant LCU | +3.0% |
| 1997 | 4.68 trillion constant LCU | +1.2% |
| 1998 | 4.70 trillion constant LCU | +0.5% |
| 1999 | 5.60 trillion constant LCU | +19.1% |
| 2000 | 5.62 trillion constant LCU | +0.5% |
| 2001 | 5.53 trillion constant LCU | -1.6% |
| 2002 | 5.69 trillion constant LCU | +2.9% |
| 2003 | 6.06 trillion constant LCU | +6.5% |
| 2004 | 7.21 trillion constant LCU | +18.8% |
| 2005 | 7.49 trillion constant LCU | +3.9% |
| 2006 | 8.10 trillion constant LCU | +8.1% |
| 2007 | 8.98 trillion constant LCU | +10.9% |
| 2008 | 8.00 trillion constant LCU | -10.9% |
| 2009 | 9.71 trillion constant LCU | +21.3% |
| 2010 | 11.06 trillion constant LCU | +14.0% |
| 2011 | 11.67 trillion constant LCU | +5.4% |
| 2012 | 12.35 trillion constant LCU | +5.9% |
| 2013 | 13.59 trillion constant LCU | +10.1% |
| 2014 | 14.97 trillion constant LCU | +10.1% |
| 2015 | 16.12 trillion constant LCU | +7.7% |
| 2016 | 17.92 trillion constant LCU | +11.2% |
| 2017 | 20.16 trillion constant LCU | +12.5% |
| 2018 | 22.69 trillion constant LCU | +12.6% |
| 2019 | 23.42 trillion constant LCU | +3.2% |
| 2020 | 18.62 trillion constant LCU | -20.5% |
| 2021 | 21.06 trillion constant LCU | +13.1% |
| 2022 | 23.54 trillion constant LCU | +11.8% |
| 2023 | 25.20 trillion constant LCU | +7.0% |
| 2024 | 26.52 trillion constant LCU | +5.3% |
| 2025 | 28.18 trillion constant LCU | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.06 trillion constant LCU | 677.62 billion constant LCU | 1.36 trillion constant LCU | 10 |
| 1970s | 1.59 trillion constant LCU | 1.38 trillion constant LCU | 1.88 trillion constant LCU | 10 |
| 1980s | 2.60 trillion constant LCU | 1.80 trillion constant LCU | 3.45 trillion constant LCU | 10 |
| 1990s | 4.31 trillion constant LCU | 3.63 trillion constant LCU | 5.60 trillion constant LCU | 10 |
| 2000s | 7.24 trillion constant LCU | 5.53 trillion constant LCU | 9.71 trillion constant LCU | 10 |
| 2010s | 16.40 trillion constant LCU | 11.06 trillion constant LCU | 23.42 trillion constant LCU | 10 |
| 2020s | 23.85 trillion constant LCU | 18.62 trillion constant LCU | 28.18 trillion constant LCU | 6 |
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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.69 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8529 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in India?
- Taxes less subsidies on products in India was 28.18 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in India?
- The highest recorded value was 28.18 trillion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in India?
- The lowest recorded value was 677.62 billion constant LCU in 1960.
- How does India rank for taxes less subsidies on products?
- India ranks 6th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in India?
- Over the last ten years it is up 74.8%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.