Taxes less subsidies on products (current US$) in India
India: Taxes less subsidies on products (current US$) was 364.87 billion current US$ in 2025. ◆ Volatile
Latest (2025)
364.87 billion current US$
Change on year
up 4.5%
World rank
5th
of 199 countries
All-time high
364.87 billion current US$
in 2025
All-time low
2.04 billion current US$
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 US$.
Analysis
In 2025, taxes less subsidies on products in India stood at 364.87 billion current US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 99.5% over ten years.
Over the whole period, taxes less subsidies on products in India peaked at 364.87 billion current US$ in 2025 and was at its lowest, 2.04 billion current US$, in 1960.
That places India 5th out of 199 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in India, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 2.04 billion current US$ | — |
| 1961 | 2.30 billion current US$ | +13.2% |
| 1962 | 2.67 billion current US$ | +16.1% |
| 1963 | 3.29 billion current US$ | +23.1% |
| 1964 | 3.76 billion current US$ | +14.1% |
| 1965 | 4.35 billion current US$ | +15.8% |
| 1966 | 3.10 billion current US$ | -28.7% |
| 1967 | 3.25 billion current US$ | +4.8% |
| 1968 | 3.64 billion current US$ | +12.1% |
| 1969 | 4.08 billion current US$ | +11.9% |
| 1970 | 4.58 billion current US$ | +12.5% |
| 1971 | 5.33 billion current US$ | +16.3% |
| 1972 | 5.79 billion current US$ | +8.6% |
| 1973 | 6.39 billion current US$ | +10.3% |
| 1974 | 7.70 billion current US$ | +20.6% |
| 1975 | 8.59 billion current US$ | +11.5% |
| 1976 | 9.17 billion current US$ | +6.9% |
| 1977 | 10.04 billion current US$ | +9.4% |
| 1978 | 12.32 billion current US$ | +22.7% |
| 1979 | 14.43 billion current US$ | +17.1% |
| 1980 | 16.87 billion current US$ | +17.0% |
| 1981 | 18.12 billion current US$ | +7.4% |
| 1982 | 19.02 billion current US$ | +5.0% |
| 1983 | 19.83 billion current US$ | +4.2% |
| 1984 | 18.84 billion current US$ | -5.0% |
| 1985 | 22.68 billion current US$ | +20.4% |
| 1986 | 25.08 billion current US$ | +10.6% |
| 1987 | 28.76 billion current US$ | +14.7% |
| 1988 | 29.03 billion current US$ | +0.9% |
| 1989 | 28.24 billion current US$ | -2.7% |
| 1990 | 31.38 billion current US$ | +11.1% |
| 1991 | 25.53 billion current US$ | -18.6% |
| 1992 | 27.78 billion current US$ | +8.8% |
| 1993 | 24.40 billion current US$ | -12.2% |
| 1994 | 29.87 billion current US$ | +22.4% |
| 1995 | 33.55 billion current US$ | +12.3% |
| 1996 | 34.49 billion current US$ | +2.8% |
| 1997 | 35.09 billion current US$ | +1.7% |
| 1998 | 33.59 billion current US$ | -4.3% |
| 1999 | 39.71 billion current US$ | +18.2% |
| 2000 | 40.36 billion current US$ | +1.6% |
| 2001 | 39.66 billion current US$ | -1.7% |
| 2002 | 41.67 billion current US$ | +5.1% |
| 2003 | 49.20 billion current US$ | +18.0% |
| 2004 | 62.77 billion current US$ | +27.6% |
| 2005 | 68.94 billion current US$ | +9.8% |
| 2006 | 77.29 billion current US$ | +12.1% |
| 2007 | 101.46 billion current US$ | +31.3% |
| 2008 | 74.21 billion current US$ | -26.9% |
| 2009 | 82.52 billion current US$ | +11.2% |
| 2010 | 120.89 billion current US$ | +46.5% |
| 2011 | 131.34 billion current US$ | +8.6% |
| 2012 | 136.25 billion current US$ | +3.7% |
| 2013 | 143.86 billion current US$ | +5.6% |
| 2014 | 157.61 billion current US$ | +9.6% |
| 2015 | 182.89 billion current US$ | +16.0% |
| 2016 | 212.68 billion current US$ | +16.3% |
| 2017 | 245.81 billion current US$ | +15.6% |
| 2018 | 246.63 billion current US$ | +0.3% |
| 2019 | 242.96 billion current US$ | -1.5% |
| 2020 | 221.37 billion current US$ | -8.9% |
| 2021 | 263.32 billion current US$ | +19.0% |
| 2022 | 292.90 billion current US$ | +11.2% |
| 2023 | 322.24 billion current US$ | +10.0% |
| 2024 | 349.14 billion current US$ | +8.3% |
| 2025 | 364.87 billion current US$ | +4.5% |
India compared with similar countries
- India's 364.87 billion current US$ is above the median for lower middle income countries, which is 2.40 billion current US$, 152.1× the median. (46 countries reporting)
- India's 364.87 billion current US$ is above the median for South Asia, which is 8.24 billion current US$, 44.3× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.25 billion current US$ | 2.04 billion current US$ | 4.35 billion current US$ | 10 |
| 1970s | 8.43 billion current US$ | 4.58 billion current US$ | 14.43 billion current US$ | 10 |
| 1980s | 22.65 billion current US$ | 16.87 billion current US$ | 29.03 billion current US$ | 10 |
| 1990s | 31.54 billion current US$ | 24.40 billion current US$ | 39.71 billion current US$ | 10 |
| 2000s | 63.81 billion current US$ | 39.66 billion current US$ | 101.46 billion current US$ | 10 |
| 2010s | 182.09 billion current US$ | 120.89 billion current US$ | 246.63 billion current US$ | 10 |
| 2020s | 302.31 billion current US$ | 221.37 billion current US$ | 364.87 billion current US$ | 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)
- 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 in India?
- Taxes less subsidies on products in India was 364.87 billion current US$ 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 364.87 billion current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in India?
- The lowest recorded value was 2.04 billion current US$ in 1960.
- How does India rank for taxes less subsidies on products?
- India ranks 5th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in India?
- Over the last ten years it is up 99.5%. 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 US$). 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 indicator is expressed in United States dollars.