Total debt service in India
India: Total debt service was 2.5% in 2024. ▲ Rising
Total debt service in India, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in India is 2.5%, measured in 2024.
That represents a change of up 3.3% on the previous year and down 46.4% over ten years.
Over the whole period, total debt service in India peaked at 4.6% in 2014 and was at its lowest, 0.7%, in 1980.
That places India 87th out of 121 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Total debt service in India, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.2% | — |
| 1971 | 0.9% | -60.7% |
| 1972 | 0.9% | +4.6% |
| 1973 | 0.8% | -9.4% |
| 1974 | 0.8% | +0.7% |
| 1975 | 0.9% | +6.6% |
| 1976 | 1.2% | +34.2% |
| 1977 | 1.0% | -14.2% |
| 1978 | 1.0% | -5.7% |
| 1979 | 0.8% | -12.1% |
| 1980 | 0.7% | -10.5% |
| 1981 | 0.8% | +7.1% |
| 1982 | 1.0% | +23.1% |
| 1983 | 1.1% | +15.6% |
| 1984 | 1.4% | +19.3% |
| 1985 | 1.5% | +8.1% |
| 1986 | 2.0% | +36.7% |
| 1987 | 1.9% | -6.0% |
| 1988 | 1.9% | +0.5% |
| 1989 | 2.2% | +17.5% |
| 1990 | 2.4% | +8.8% |
| 1991 | 2.8% | +15.3% |
| 1992 | 2.6% | -8.5% |
| 1993 | 2.9% | +12.4% |
| 1994 | 3.2% | +12.3% |
| 1995 | 3.7% | +14.0% |
| 1996 | 3.0% | -18.4% |
| 1997 | 3.0% | -1.8% |
| 1998 | 2.8% | -4.5% |
| 1999 | 2.2% | -22.7% |
| 2000 | 2.3% | +5.5% |
| 2001 | 2.4% | +6.3% |
| 2002 | 3.0% | +23.5% |
| 2003 | 4.3% | +41.5% |
| 2004 | 2.5% | -41.8% |
| 2005 | 2.9% | +18.1% |
| 2006 | 1.9% | -36.5% |
| 2007 | 3.3% | +74.3% |
| 2008 | 2.6% | -20.1% |
| 2009 | 1.2% | -52.3% |
| 2010 | 1.5% | +18.9% |
| 2011 | 1.6% | +10.0% |
| 2012 | 1.7% | +4.1% |
| 2013 | 2.1% | +25.3% |
| 2014 | 4.6% | +118.0% |
| 2015 | 2.4% | -48.1% |
| 2016 | 3.4% | +42.1% |
| 2017 | 2.0% | -42.4% |
| 2018 | 2.4% | +21.9% |
| 2019 | 1.8% | -23.3% |
| 2020 | 2.9% | +58.6% |
| 2021 | 1.7% | -42.5% |
| 2022 | 2.1% | +23.2% |
| 2023 | 2.4% | +16.5% |
| 2024 | 2.5% | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.0% | 0.8% | 2.2% | 10 |
| 1980s | 1.5% | 0.7% | 2.2% | 10 |
| 1990s | 2.9% | 2.2% | 3.7% | 10 |
| 2000s | 2.6% | 1.2% | 4.3% | 10 |
| 2010s | 2.3% | 1.5% | 4.6% | 10 |
| 2020s | 2.3% | 1.7% | 2.9% | 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)
- Industry (including construction), value added (constant 2015 US$) 8.78 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2575 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 695.86 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 8.78 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 22.07 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 59,646 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 8.19 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4934 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in India?
- Total debt service in India was 2.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in India?
- The highest recorded value was 4.6% in 2014.
- What is the lowest total debt service recorded in India?
- The lowest recorded value was 0.7% in 1980.
- How does India rank for total debt service?
- India ranks 87th out of 121 countries with data for 2024.
- Is total debt service rising or falling in India?
- Over the last ten years it is down 46.4%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.