
India: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
India |
Fiscal balance, percent of GDP |
---|---|
Latest value | -9.65 |
Reference | 2021 |
Measure | percent |
Source | International Monetary Fund (IMF) |
For that indicator, we provide data for India from 1988 to 2021. The average value for India during that period was -8.13 percent with a minimum of -12.88 percent in 2020 and a maximum of -4.51 percent in 2007.
The latest value from 2021 is -9.65 percent. For comparison, the world average in 2021 based on 154
countries is -4.31 percent.
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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.