Taxes less subsidies on products (current US$), annual growth rate in India
India: Taxes less subsidies on products (current US$), annual growth rate was 4.51 % change on previous year in 2025. ◆ Volatile
Latest (2025)
4.51 % change on previous year
Change on year
down 46.0%
World rank
139th
of 197 countries
All-time high
46.5 % change on previous year
in 2010
All-time low
-28.73 % change on previous year
in 1966
Years of data
65
1961–2025
Taxes less subsidies on products (current US$), annual growth rate in India, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in India is 4.51 % change on previous year, measured in 2025.
Compared with earlier readings it is down 46.0% on the previous year and down 71.9% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in India peaked at 46.5 % change on previous year in 2010 and was at its lowest, -28.73 % change on previous year, in 1966.
That places India 139th out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 13.2 % change on previous year | — |
| 1962 | 16.11 % change on previous year | +22.0% |
| 1963 | 23.15 % change on previous year | +43.7% |
| 1964 | 14.11 % change on previous year | -39.0% |
| 1965 | 15.79 % change on previous year | +11.9% |
| 1966 | -28.73 % change on previous year | -281.9% |
| 1967 | 4.83 % change on previous year | -116.8% |
| 1968 | 12.08 % change on previous year | +150.2% |
| 1969 | 11.85 % change on previous year | -1.9% |
| 1970 | 12.46 % change on previous year | +5.1% |
| 1971 | 16.27 % change on previous year | +30.6% |
| 1972 | 8.64 % change on previous year | -46.9% |
| 1973 | 10.3 % change on previous year | +19.2% |
| 1974 | 20.57 % change on previous year | +99.8% |
| 1975 | 11.49 % change on previous year | -44.1% |
| 1976 | 6.86 % change on previous year | -40.3% |
| 1977 | 9.44 % change on previous year | +37.7% |
| 1978 | 22.73 % change on previous year | +140.8% |
| 1979 | 17.05 % change on previous year | -25.0% |
| 1980 | 16.97 % change on previous year | -0.5% |
| 1981 | 7.41 % change on previous year | -56.4% |
| 1982 | 4.96 % change on previous year | -33.0% |
| 1983 | 4.25 % change on previous year | -14.3% |
| 1984 | -5.02 % change on previous year | -218.1% |
| 1985 | 20.41 % change on previous year | -506.7% |
| 1986 | 10.56 % change on previous year | -48.3% |
| 1987 | 14.71 % change on previous year | +39.3% |
| 1988 | 0.9241 % change on previous year | -93.7% |
| 1989 | -2.72 % change on previous year | -394.0% |
| 1990 | 11.1 % change on previous year | -508.6% |
| 1991 | -18.63 % change on previous year | -267.8% |
| 1992 | 8.82 % change on previous year | -147.3% |
| 1993 | -12.19 % change on previous year | -238.2% |
| 1994 | 22.42 % change on previous year | -284.0% |
| 1995 | 12.34 % change on previous year | -45.0% |
| 1996 | 2.8 % change on previous year | -77.3% |
| 1997 | 1.74 % change on previous year | -37.7% |
| 1998 | -4.29 % change on previous year | -346.4% |
| 1999 | 18.21 % change on previous year | -524.4% |
| 2000 | 1.64 % change on previous year | -91.0% |
| 2001 | -1.72 % change on previous year | -205.3% |
| 2002 | 5.08 % change on previous year | -394.5% |
| 2003 | 18.05 % change on previous year | +255.2% |
| 2004 | 27.59 % change on previous year | +52.9% |
| 2005 | 9.83 % change on previous year | -64.4% |
| 2006 | 12.12 % change on previous year | +23.3% |
| 2007 | 31.27 % change on previous year | +158.1% |
| 2008 | -26.86 % change on previous year | -185.9% |
| 2009 | 11.2 % change on previous year | -141.7% |
| 2010 | 46.5 % change on previous year | +315.2% |
| 2011 | 8.64 % change on previous year | -81.4% |
| 2012 | 3.74 % change on previous year | -56.7% |
| 2013 | 5.58 % change on previous year | +49.3% |
| 2014 | 9.56 % change on previous year | +71.2% |
| 2015 | 16.04 % change on previous year | +67.8% |
| 2016 | 16.28 % change on previous year | +1.5% |
| 2017 | 15.58 % change on previous year | -4.3% |
| 2018 | 0.3348 % change on previous year | -97.9% |
| 2019 | -1.49 % change on previous year | -545.7% |
| 2020 | -8.89 % change on previous year | +495.5% |
| 2021 | 18.95 % change on previous year | -313.3% |
| 2022 | 11.24 % change on previous year | -40.7% |
| 2023 | 10.02 % change on previous year | -10.9% |
| 2024 | 8.35 % change on previous year | -16.7% |
| 2025 | 4.51 % change on previous year | -46.0% |
India compared with similar countries
- India's 4.51 % change on previous year is below the median for lower middle income countries, which is 10.33 % change on previous year, 44% of the median. (46 countries reporting)
- India's 4.51 % change on previous year is below the median for South Asia, which is 8.02 % change on previous year, 56% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.15 % change on previous year | -28.73 % change on previous year | 23.15 % change on previous year | 9 |
| 1970s | 13.58 % change on previous year | 6.86 % change on previous year | 22.73 % change on previous year | 10 |
| 1980s | 7.25 % change on previous year | -5.02 % change on previous year | 20.41 % change on previous year | 10 |
| 1990s | 4.23 % change on previous year | -18.63 % change on previous year | 22.42 % change on previous year | 10 |
| 2000s | 8.82 % change on previous year | -26.86 % change on previous year | 31.27 % change on previous year | 10 |
| 2010s | 12.08 % change on previous year | -1.49 % change on previous year | 46.5 % change on previous year | 10 |
| 2020s | 7.36 % change on previous year | -8.89 % change on previous year | 18.95 % change on previous year | 6 |
Countries ranked near India
- 136 Bhutan 5.02 % change on previous year compare
- 137 Chile 4.92 % change on previous year compare
- 138 Saint Lucia 4.71 % change on previous year compare
- 140 Vanuatu 4.49 % change on previous year compare
- 141 Botswana 4.41 % change on previous year compare
- 142 Bermuda 4.4 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate 5.07 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 12.83 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.0511 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 9.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.33 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0033 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in India?
- Taxes less subsidies on products (current us$), annual growth rate in India was 4.51 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in India?
- The highest recorded value was 46.5 % change on previous year in 2010.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in India?
- The lowest recorded value was -28.73 % change on previous year in 1966.
- How does India rank for taxes less subsidies on products (current us$), annual growth rate?
- India ranks 139th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in India?
- Over the last ten years it is down 71.9%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.