India: Fiscal balance, percent of GDP

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. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.