Taxes less subsidies on products in India
India: Taxes less subsidies on products was 31.86 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
31.86 trillion current LCU
Change on year
up 7.9%
World rank
12th
of 197 countries
All-time high
31.86 trillion current LCU
in 2025
All-time low
9.69 billion current 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 current LCU.
Analysis
India recorded 31.86 trillion current 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 7.9% on the previous year and up 166.1% over ten years.
Over the whole period, taxes less subsidies on products in India peaked at 31.86 trillion current LCU in 2025 and was at its lowest, 9.69 billion current LCU, in 1960.
That places India 12th out of 197 countries with data for 2025, putting it 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 | current LCU | Change |
|---|---|---|
| 1960 | 9.69 billion current LCU | — |
| 1961 | 10.97 billion current LCU | +13.2% |
| 1962 | 12.74 billion current LCU | +16.1% |
| 1963 | 15.69 billion current LCU | +23.1% |
| 1964 | 17.90 billion current LCU | +14.1% |
| 1965 | 20.73 billion current LCU | +15.8% |
| 1966 | 21.85 billion current LCU | +5.4% |
| 1967 | 24.39 billion current LCU | +11.6% |
| 1968 | 27.33 billion current LCU | +12.1% |
| 1969 | 30.57 billion current LCU | +11.9% |
| 1970 | 34.38 billion current LCU | +12.5% |
| 1971 | 39.66 billion current LCU | +15.4% |
| 1972 | 44.76 billion current LCU | +12.9% |
| 1973 | 50.22 billion current LCU | +12.2% |
| 1974 | 61.42 billion current LCU | +22.3% |
| 1975 | 74.29 billion current LCU | +21.0% |
| 1976 | 82.01 billion current LCU | +10.4% |
| 1977 | 85.98 billion current LCU | +4.8% |
| 1978 | 101.13 billion current LCU | +17.6% |
| 1979 | 116.50 billion current LCU | +15.2% |
| 1980 | 133.18 billion current LCU | +14.3% |
| 1981 | 161.83 billion current LCU | +21.5% |
| 1982 | 183.16 billion current LCU | +13.2% |
| 1983 | 204.50 billion current LCU | +11.7% |
| 1984 | 223.90 billion current LCU | +9.5% |
| 1985 | 277.56 billion current LCU | +24.0% |
| 1986 | 320.63 billion current LCU | +15.5% |
| 1987 | 373.03 billion current LCU | +16.3% |
| 1988 | 420.26 billion current LCU | +12.7% |
| 1989 | 470.57 billion current LCU | +12.0% |
| 1990 | 563.17 billion current LCU | +19.7% |
| 1991 | 626.01 billion current LCU | +11.2% |
| 1992 | 733.80 billion current LCU | +17.2% |
| 1993 | 765.21 billion current LCU | +4.3% |
| 1994 | 937.80 billion current LCU | +22.6% |
| 1995 | 1.12 trillion current LCU | +19.7% |
| 1996 | 1.22 trillion current LCU | +9.1% |
| 1997 | 1.30 trillion current LCU | +6.5% |
| 1998 | 1.41 trillion current LCU | +8.3% |
| 1999 | 1.72 trillion current LCU | +21.8% |
| 2000 | 1.84 trillion current LCU | +7.2% |
| 2001 | 1.89 trillion current LCU | +2.6% |
| 2002 | 2.02 trillion current LCU | +6.7% |
| 2003 | 2.26 trillion current LCU | +12.1% |
| 2004 | 2.82 trillion current LCU | +24.8% |
| 2005 | 3.05 trillion current LCU | +8.2% |
| 2006 | 3.50 trillion current LCU | +14.6% |
| 2007 | 4.08 trillion current LCU | +16.8% |
| 2008 | 3.41 trillion current LCU | -16.4% |
| 2009 | 3.92 trillion current LCU | +14.7% |
| 2010 | 5.51 trillion current LCU | +40.7% |
| 2011 | 6.29 trillion current LCU | +14.3% |
| 2012 | 7.41 trillion current LCU | +17.8% |
| 2013 | 8.70 trillion current LCU | +17.4% |
| 2014 | 9.64 trillion current LCU | +10.7% |
| 2015 | 11.97 trillion current LCU | +24.3% |
| 2016 | 14.26 trillion current LCU | +19.1% |
| 2017 | 15.84 trillion current LCU | +11.1% |
| 2018 | 17.25 trillion current LCU | +8.8% |
| 2019 | 17.22 trillion current LCU | -0.1% |
| 2020 | 16.43 trillion current LCU | -4.6% |
| 2021 | 19.62 trillion current LCU | +19.4% |
| 2022 | 23.54 trillion current LCU | +20.0% |
| 2023 | 26.68 trillion current LCU | +13.3% |
| 2024 | 29.53 trillion current LCU | +10.7% |
| 2025 | 31.86 trillion current LCU | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.19 billion current LCU | 9.69 billion current LCU | 30.57 billion current LCU | 10 |
| 1970s | 69.03 billion current LCU | 34.38 billion current LCU | 116.50 billion current LCU | 10 |
| 1980s | 276.86 billion current LCU | 133.18 billion current LCU | 470.57 billion current LCU | 10 |
| 1990s | 1.04 trillion current LCU | 563.17 billion current LCU | 1.72 trillion current LCU | 10 |
| 2000s | 2.88 trillion current LCU | 1.84 trillion current LCU | 4.08 trillion current LCU | 10 |
| 2010s | 11.41 trillion current LCU | 5.51 trillion current LCU | 17.25 trillion current LCU | 10 |
| 2020s | 24.61 trillion current LCU | 16.43 trillion current LCU | 31.86 trillion current LCU | 6 |
Countries ranked near India
- 9 Tanzania, United Republic of 42.48 trillion current LCU compare
- 10 Lao People's Democratic Republic 39.84 trillion current LCU compare
- 11 Chile 32.67 trillion current LCU compare
- 13 Paraguay 29.61 trillion current LCU compare
- 14 Guinea 18.59 trillion current LCU compare
- 15 Russian Federation 17.98 trillion current LCU compare
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)
- GDP (constant 2015 US$), annual growth rate 7.57 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9337 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,523 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 7.57 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 81.54 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 220,360 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 4.34 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3256 current 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 31.86 trillion current 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 31.86 trillion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in India?
- The lowest recorded value was 9.69 billion current LCU in 1960.
- How does India rank for taxes less subsidies on products?
- India ranks 12th out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in India?
- Over the last ten years it is up 166.1%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.