India—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic OutlookGlobal Rank: #175 of 192
Latest Value
-7.1%
2027
YoY Change
+1.4%
2026 → 2027
Global Rank
#175
of 192 countries
Maximum
-4.6%
2007
Minimum
-12.9%
2020
Last
-7.1%
Previous
-7.2%
Highest
-4.6%
Lowest
-12.9%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -7.1% | +1.4% |
| 2026 | -7.2% | -1.4% |
| 2025 | -7.1% | +10.1% |
| 2024 | -7.9% | -6.8% |
| 2023 | -7.4% | +17.8% |
| 2022 | -9.0% | +4.3% |
| 2021 | -9.4% | +27.1% |
| 2020 | -12.9% | -67.5% |
| 2019 | -7.7% | -22.2% |
| 2018 | -6.3% | -1.6% |
| 2017 | -6.2% | +12.7% |
| 2016 | -7.1% | +1.4% |
| 2015 | -7.2% | -1.4% |
| 2014 | -7.1% | -1.4% |
| 2013 | -7.0% | +6.7% |
| 2012 | -7.5% | +9.6% |
| 2011 | -8.3% | +5.7% |
| 2010 | -8.8% | +9.3% |
| 2009 | -9.7% | -5.4% |
| 2008 | -9.2% | -100.0% |
| 2007 | -4.6% | +28.1% |
| 2006 | -6.4% | +14.7% |
| 2005 | -7.5% | +18.5% |
| 2004 | -9.2% | +19.3% |
| 2003 | -11.4% | -2.7% |
| 2002 | -11.1% | -0.9% |
| 2001 | -11.0% | -31.0% |
| 2000 | -8.4% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -7.2% | -1.4% |
| 2027Forecast | -7.1% | +1.4% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 26.5% | 2026 |
| 2 | Norway | 10.7% | 2026 |
| 3 | Nauru | 9.5% | 2026 |
| 4 | Macao SAR, China | 5.6% | 2026 |
| 5 | United Arab Emirates | 4.8% | 2026 |
| 6 | South Sudan | 4.1% | 2026 |
| 7 | Lesotho | 3.8% | 2026 |
| 8 | Liechtenstein | 3.2% | 2026 |
| 9 | Cyprus | 3.2% | 2026 |
| 10 | Singapore | 2.7% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP