India: General government deficit (% of GDP)

Name: India: General government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Percent of GDP · 1861–2025 · 144 observations · forecasts to 2031 · gen_govdef_GDP

2025: −7.44%percent of GDP
Change on 2024: +0.4 pointsfrom −7.85%
Average, 2016–2025: −8.36%10 years
Record high and low: 0.425% (1871)low −13.2% (2020)

General government deficit (% of GDP)

Report error

ForecastPercent of GDP

Compare with other countries →Definition of General government deficit (% of GDP)

Recent values

Percent of GDP

Year	Value
2031	-6.55	Forecast
2030	-6.74	Forecast
2029	-6.91	Forecast
2028	-7.11	Forecast
2027	-7.31	Forecast
2026	-7.41	Forecast
2025	-7.44
2024	-7.85
2023	-8.37
2022	-9.23
2021	-9.70
2020	-13.2
2019	-7.86
2018	-6.46
2017	-6.33
2016	-7.21

Sources

IMF Fiscal Policy Panel1861–2023
IMF World Economic Outlook1988–2025
IMF WEO (forecast)2025–2031

Compare these sources →

India documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

General government deficit (% of GDP)

Recent values

Sources

More for India

General government deficit (% of GDP) elsewhere