India: Fiscal balance, percent of GDP

(measure: percent; Source: Ministry of Finance)
* indicates monthly or quarterly data series

India: Fiscal balance, percent of GDP

: For that indicator, we provide data for India from 1988 to 2019. The average value for India during that period was -7.73 percent with a minimum of -11.23 percent in 2003 and a maximum of -4.51 percent in 2007. The latest value from 2019 is -6.5 percent. For comparison, the world average in 2019 based on 157 countries is -1.64 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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