For that indicator, The World Bank provides data for India from 1970 to 2017. The average value for India during that period was 3.73 percent with a minimum of 1.42 percent in 2009 and a maximum of 7.07 percent in 1982.
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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.