India: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 India

Fiscal balance, percent of GDP

 Latest value -9.22
 Year 2022
 Measure percent
 Data availability 1988 - 2022
 Average -8.23
 Min - Max -12.86 - -4.59
 Source International Monetary Fund (IMF)
For that indicator, we provide data for India from 1988 to 2022. The average value for India during that period was -8.23 percent with a minimum of -12.86 percent in 2020 and a maximum of -4.59 percent in 2007. The latest value from 2022 is -9.22 percent. For comparison, the world average in 2022 based on 159 countries is -2.55 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
India - Fiscal balance, percent of GDP - historical chart - 1988-2022




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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 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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