NATIONAL PUBLIC DEBT India 2023

Public debt went up in India

In 2023 India public debt was 2,732,645 million euros2,955,574 million dollars, has increased 123,608205,970 million since 2022.

This amount means that the debt in 2023 reached 81.23% of India GDP, a 0.94 percentage point fall from 2022, when it was 82.17% of GDP.

If we check the tables we can see the evolution of India debt. It has risen since 2013 in global debt terms, when it was 946,625 million euros 1,257,248 million dollars and also in terms of GDP percentage, when it amounted to 67.71%.

According to the last data point published, India per capita debt in 2023 was 1,900 euros2,055 dollars per inhabitant. In 2022 it was 1,830 euros 1,929 dollars, afterwards rising by 70 euros126 dollars, and if we again check 2013 we can see that then the debt per person was 733 euros974 dollars .

The position of India, as compared with the rest of the world, has improved in 2023 in terms of GDP percentage. Currently it is country number 149 in the list of debt to GDP and 74 in debt per capita, out of the 191 we publish.

In this page we show you the progression of the public debt in India. You can see debt in other countries in Public debt and see all the information about India in economy of India.

India: Evolution of debt
DateDebt (M.€.)Debt ($M)Debt (%GDP)Debt Per CapitaDebt Per Capita
20232,732,6452,955,57481.23%€1,900$2,055
20222,609,0372,749,60482.17%€1,830$1,929
20212,234,2092,644,24583.49%€1,580$1,870
20202,072,4792,365,28188.43%€1,478$1,686
20191,900,5482,127,85075.04%€1,368$1,532
20181,610,3871,902,65670.39%€1,171$1,384
20171,635,7861,847,26669.67%€1,203$1,359
20161,429,7011,582,10468.94%€1,064$1,177
20151,308,9991,452,49869.05%€986$1,094
20141,029,6901,368,29667.10%€785$1,043
2013946,6251,257,24867.71%€733$974
2012966,4811,242,51067.99%€758$975
2011899,2431,251,48668.65%€715$995
2010855,0061,134,42167.70%€689$914
2009700,863976,49072.77%€573$798
2008606,279891,59074.37%€502$739
2007669,826918,08975.46%€563$772
2006583,634732,84977.94%€498$625
2005542,920675,81582.38%€470$585
2004484,182602,00284.89%€426$530
2003461,510521,91185.88%€413$467
2002459,427434,11584.30%€418$395
2001434,203388,88880.11%€402$360
2000379,882351,01874.94%€359$331
1999306,502326,98771.27%€295$314
1998291,94769.28%$286
1997286,99969.01%$286
1996263,76967.13%$268
1995255,35170.88%$265
1994244,64774.75%$259
1993218,76778.33%$236
1992227,00178.76%$250
1991207,04576.65%$233
India: Evolution of debt as a percentage of GDP

India: Evolution of debt in millions