India Government Debt to GDP — 2026 Data & Trend
India's government debt was 46.52% in December 2018, down from 47.58% the previous year. A year earlier it stood at 47.58%.
India's government debt stands at 46.52% as of December 2018. The government debt currently sits at 46.52% (down from 47.58% in the prior year). Across the tracked window it has ranged between 45.72% and 62.59%, and is 1.06% lower than a year ago.
The trend
Among the 121 economies tracked on this platform, India ranks #72 on government debt by latest value. It fell from 47.58% in the previous year, and compares with a year-earlier 47.58%.
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 2018 | 46.52% |
| Dec 2017 | 47.58% |
| Dec 2016 | 47.63% |
| Dec 2015 | 49.96% |
| Dec 2014 | 49.90% |
| Dec 2013 | 50.31% |
| Dec 2012 | 50.68% |
| Dec 2011 | 51.56% |
Data: The World Bank — World Development Indicators (CC BY 4.0) 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 46.52% in December 2018, down from 47.58% the previous year. A year earlier it stood at 47.58%.
Is the government debt rising or falling in India?
It fell in the latest reading — 46.52% in December 2018 versus 47.58% 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).