India Government Debt to GDP — 2026 Data & Trend
India's government debt was 84.26% in December 2025, down from 84.81% the previous year. A year earlier it stood at 84.81%.
India's government debt stands at 84.26% as of December 2025. The government debt currently sits at 84.26% (down from 84.81% in the prior year). Across the tracked window it has ranged between 67.13% and 90.39%, and is 0.54% lower than a year ago.
The trend
Among the 192 economies tracked on this platform, India ranks #38 on government debt by latest value. It fell from 84.81% in the previous year, and compares with a year-earlier 84.81%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2025 | 84.26% |
| Dec 2024 | 84.81% |
| Dec 2023 | 84.75% |
| Dec 2022 | 84.41% |
| Dec 2021 | 85.54% |
| Dec 2020 | 90.39% |
| Dec 2019 | 76.54% |
| Dec 2018 | 71.58% |
Data: Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does India Have in 2026?
India's government debt was 84.26% in December 2025, down from 84.81% the previous year. A year earlier it stood at 84.81%.
Is the government debt rising or falling in India?
It fell in the latest reading — 84.26% in December 2025 versus 84.81% a year earlier. Year on year it is lower.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).