India’s central government debt fluctuated significantly over the decades, starting at of GDP in 1990. Debt dropped to in 1992 after economic reforms but spiked to in 2002 due to fiscal expansion.
Post-2003, debt declined gradually, reaching in 2018. However, the pandemic caused a notable increase, with debt standing at in 2022, reflecting pandemic-related expenditures and slowed economic growth.
Post-2003, debt declined gradually, reaching in 2018. However, the pandemic caused a notable increase, with debt standing at in 2022, reflecting pandemic-related expenditures and slowed economic growth.
Gain a broader perspective by reviewing India’s net ODA annual share, industry sector’s GDP share in India, India’s government debt share in GDP.
