For that indicator, we provide data for India from 1970 to 2018. The average value for India during that period was 3.71 percent with a minimum of 1.42 percent in 2009 and a maximum of 7.07 percent in 1982.
The latest value from 2018 is 2.74 percent. For comparison, the world average in 2018 based on 120
countries is 2.48 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Interest represents the average interest rate on all new public and publicly guaranteed loans contracted during the year. To obtain the average, the interest rates for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.