India: Government deficit (% of GDP)
Percent of GDP · 1861–2025 · 144 observations · forecasts to 2031 · govdef_GDP
- 2025
- −7.44%percent of GDP
- Change on 2024
- +0.8 pointsfrom −8.23%
- Average, 2016–2025
- −8.24%10 years
- Record high and low
- 0.425% (1871)low −13.1% (2020)
Government deficit (% of GDP)
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ForecastPercent of GDP
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Compare with other countries →Definition of 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 | -7.00 | Forecast |
| 2025 | -7.44 | |
| 2024 | -8.23 | |
| 2023 | -8.76 | |
| 2022 | -9.58 | |
| 2021 | -9.45 | |
| 2020 | -13.1 | |
| 2019 | -7.21 | |
| 2018 | -5.83 | |
| 2017 | -5.83 | |
| 2016 | -6.92 |
Sources
This series is derived from other GMD variables.
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 →
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