India: Taxes on goods and services

* indicates monthly or quarterly data series
 India

Taxes on goods and services, percent of total revenue

 Latest value 40.87
 Year 2018
 Measure percent
 Data availability 1974 - 2018
 Average 33.11
 Min - Max 21.68 - 44.07
 Source The World Bank
For that indicator, we provide data for India from 1974 to 2018. The average value for India during that period was 33.11 percent with a minimum of 21.68 percent in 2010 and a maximum of 44.07 percent in 1974. The latest value from 2018 is 40.87 percent. For comparison, the world average in 2018 based on 128 countries is 33.29 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
India - Taxes on goods and services - Recent values chart

Historical chart
India - Taxes on goods and services - historical chart - 1974-2018




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.35 2022 percent
 Government spending, in dollars 353.60 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -9.22 2022 percent
 Government debt 81.68 2022 percent
 Government expenditure 7,178.65 Q3/2023 billion
 Long-term government bond yield 7.17 9/2023 percent
 Tax revenue 12.02 2018 percent
 Commercial tax rate 49.70 2019 percent
 Tax preparation time 252 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 40.87 2018 percent
 Taxes on international trade 4.51 2018 percent
 Income and profits taxes 45.65 2018 percent
 Foreign aid 3,118.70 2021 million U.S. dollars
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